Ford’s $ 20 billion investment in the electric vehicle market

For more details on Ford’s investment in production electric car Stay tuned to Trade News.

زومیت Bloomberg sources say Ford plans to spend up to $ 20 billion to expand its market presence Electric cars Invest. Ford’s massive investment will help the company reorganize its operations to expand its market presence in the future. Electric cars Experience.

By Gizmochina, formerly Ford, one of the largest American companies in the automotive industry, said he wanted to spend $ 30 billion by 2025 to develop electric vehicles and cars.

In other words, the new news, which mentions Ford’s $ 20 billion investment, is in line with the company’s initial plans.

In addition, Bloomberg Media claims that Ford intends to appoint Doug Field, CEO of Apple and Tesla, as responsible for its activities in this area.

Is Ford one of the top electric cars?

In this way, Dougfield will oversee activities that will eventually transform Ford factories into electric vehicles. In Dougfield’s portfolio, Apple’s work experience is seen as the Vice President for Special Projects. He has also been in charge of Apple’s auto production team and has worked as a Chief Vehicle Engineer at Tesla.

The change in Ford’s approach means that the auto giant will hire more engineers. Tesla is now known as the leader in the electric car market, and Ford is far from trying to reach the top.

Ford plays a major role in the vehicle industry, and sales of the company’s F-Series vans exceed Tesla’s total output; However, it has not yet achieved much in the field of electric vehicle production.

Apparently, Ilan Mask’s ideas for an all-electric future have been well received by investors, and Tesla has been able to achieve numerous successes. It remains to be seen whether Ford can take a similar path.