Ford Motor Co. is boosting its electric-vehicle lineup with seven new models over the next two years across its passenger car and commercial van range to target sales of more than 600,000 battery-powered vehicles.
The U.S. carmaker is also doubling to $2 billion its planned investment at its key European production site in Cologne, Germany, to make electric vehicles as well as a battery assembly facility starting in 2024, Ford said Monday. The push is part of the automaker’s global plan to reach more than 2 million in EV sales.
