Ford Revving Up Production Of EV Power Units At U.K. Plant

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ValueWalk

Ford said Thursday it would invest $180 million to transition a U.K. factory away from internal combustion engines and toward EV power systems.It’s currently focusing its AI efforts on driver-assisted technologies, rather than self-driving vehicles.Ford, along with other automakers, reports November sales on Friday, with industry analysts expecting numbers to come in flat.Although EV startups such as NIO (NYSE:NIO) and Mullen Automotive (NASDAQ:MULN) are grabbing attention, along with 800-pound gorilla Tesla (NASDAQ:TSLA), long-established automakers such as Ford (NYSE:F) and General Motors (N…

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