Ford announces $2 billion investment for affordable EVs in Louisville, USAAccording to various media reports, on August 11 the Ford Motor Company announced a $2 billion investment to comprehensively modernize its assembly plant in Louisville, Kentucky, and convert it into a production site for a new generation of affordable electric vehicles. The aim is to launch a range of cost-effective EVs, promote mass adoption of the company’s electric vehicle business, and reverse ongoing losses. Reading time: min | Bildquelle: www.ford.deFord expects its new universal electric vehicle platform to enable mass production of several affordable models. Previously, Ford’s engineering team had developed a new production system and an underlying vehicle platform for the Louisville plant. Ford named this new system the “Universal Production System,” which replaces the traditional single assembly line with a three-arm conveyor line.