Ford's Electric Leap: Can the Automaker Finally Crack the EV Code? Ford's gamble on electric vehicles (EVs) has been a long time coming.
Two years ago, the company closed its Louisville Assembly Plant in Kentucky and embarked on a $2 billion overhaul to transform it into an EV production facility.
The stakes are high, with Ford's previous EV efforts failing to generate significant profits while Chinese competitors and Tesla have surged ahead.