Aug. 11 (UPI) -- Ford announced Monday it will invest $2 billion and secure nearly 2,200 jobs in a Louisville, Ky., assembly plant that will build more affordable electric vehicles.
This is on top of the $3 billion planned for a battery park in Michigan. Together, the two will secure nearly 4,000 jobs.
"This announcement not only represents one of the largest investments on record in our state, it also boosts Kentucky's position at the center of EV-related innovation and solidifies Louisville Assembly Plant as an important part of Ford's future," said Kentucky Gov. Andy Beshear. "Thanks to Ford's leaders for their continued faith in Kentucky and our incredible workforce. Ford and Kentucky have been a tremendous team for more than 100 years, and that partnership has never been stronger than it is today."
Louisville Assembly Plant, one of two Ford plants in Louisville, will expand by 52,000 square feet to move material more efficiently, a press release said. Digital infrastructure upgrades will give Louisville Assembly Plant the fastest network with the most access points out of any Ford plant globally, enabling more quality scans.
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