Ford chooses Spain factory to build ‘profitable’ EVs

Ford said Wednesday it will build its next-generation of electric vehicles for Europe at its plant in Valencia, Spain.
The automaker said it chose the Valencia factory over its facility in Saarlouis, Germany, for its ability to build profitable EVs that meet the demand of European customers, according to Ford. The company said that the factory could begin producing electric and connected vehicles later this decade.
The key word here is “profitable,” meaning the company expects it will be cheaper to build EVs in Spain than at its German factory. TechCrunch reached out to Ford reques

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