Ford Invests £150 Million to Boost EV Parts Output From UK Plant
Dec 01, 2022 by Bloomberg(Bloomberg) -- Ford Motor Co. will spend about £150 million ($181 million) on expanding production of electric-vehicle components in England, a rare win for the UK’s struggling auto sector.
The investment will increase capacity at Ford’s Halewood transmission plant by 70% to 420,000 electric vehicle power units a year, the automaker said Thursday. Each unit is comprised of an electric motor and gearbox that replaces the engine and transmission of a conventional combustion vehicle.
Ford first announced over a year ago that it would convert the transmission-making facility near Liverpool to safeguard jobs as it aims to sell 600,000 EVs a year in Europe by 2026. Halewood is expected to supply power units for 70% of those vehicles.
The moves provide a much-needed boost to an industry beset by years of Brexit uncertainty, pandemic disruptions and shortages of components. Britishvolt Ltd., the company thought to be the country’s best hope for a homegrown EV battery maker, is struggling to stay afloat, and BMW AG recently announced it will move production of electric Mini hatchbacks to China.
Read more: The UK Car Industry’s Prospects Are Going From Bad to Worse
Ford’s fresh spending at Halewood adds to the £230 million the company pledged to the site last year. The manufacturer has a target to sell only fully electric cars in Europe by the end of this decade.
“We’re very committed to the UK,” said Kieran Cahill, vice president of Ford’s European industrial operations. “We will continue to look for growth opportunities if Halewood stays competitive.”
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
By
More Utilities

Adani Share Sale Fully Subscribed After Last-Day Jump in Bids
Jan 31, 2023
European Gas Prices Swing as Traders Track Demand, Stockpiles
Jan 30, 2023
Eskom Latest: Power Outages Roll on; Emergency Package Discussed
Jan 30, 2023
NTPC’s Profit Jumps as Growing Economy Boosts Power Demand
Jan 28, 2023
Nigeria's $11 Billion Lawsuit Begins With Accusations of Double-Dealing, Six-Figure Bribes
Jan 28, 2023
CORE Electric Cooperative and Invenergy agree power supply partnership
Jan 27, 2023
South Africa’s Ruling Party Blames Everyone But Itself for Power Crisis
Jan 26, 2023
European Gas Slips Again as Ample Supplies Help to Soften Crisis
Jan 25, 2023
UK Homes Asked to Curb Power for Second Day as Wind Fades
Jan 24, 2023