Ford invests in electric vehicles of $11 billion

Ford инвестирует в электромобили $11 млрд

By 2022 the company plans to release 40 hybrid and all-electric cars.

American concern Ford Motor Co. significantly increase investment in electric vehicles – up to $ 11 billion by 2022. This was announced by the Chairman of the Board of Directors of Ford bill Ford at the auto show in Detroit, writes Prime.

As noted, by that time, the company plans to release 40 hybrid and all-electric models. 16 of them will be fully electric.

“The volume of investment is much higher than previous announced target of $ 4.5 billion by 2020”, – said the representatives of the Ford.

According to the latest data, in 2016 the company spent on research and development of new products and services 7.3 billion dollars, while in the previous two years in this area has been invested at 6.7 billion dollars.

The company Ford was founded in 1903 by Henry Ford, who created it, getting business development $ 28,000 from five investors. The company became known as the first in the world to introduce the classic car Assembly conveyor.

Recall, Ford is planning to electrify all models of its cars by 2030.