Ford adds production of electric vehicles at second North American site

DETROIT - Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year.

“When we were taking a look at our $11 billion investment in electrification, it became obvious to us that we were going to need a second plant in the not-too-distant future to add capacity for our battery electric vehicles,” Joe Hinrichs, Ford’s president of global operations, said in a telephone interview.

Automakers have been boosting investment in the development of EVs in part because of pressure from regulators in China, Europe and California to slash carbon emissions from fossil fuels. They also are being pushed by electric carmakers like Tesla Inc. Ford already was planning an all-electric sport utility vehicle in 2020 that will be built at its Cuautitlan, Mexico, plant.

Time is ticking until the market is flooded with competitors for $TSLA.

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