Ford plans £230m investment into power unit production

Power unit production at the site is expected to begin in mid-2024 with a planned capacity of around 250,000 units a year. The investment is subject to and includes government support through its Automotive Transformation Fund.

According to Stuart Rowley, president, Ford of Europe, the move signifies Ford’s first in-house investment in all-electric vehicle component manufacturing in Europe.

Ford and SK Innovation to invest $11bn into electrification

The power unit is the complete all-electric assembly that replaces the engine and transmission in ICE vehicles. Halewood currently builds transmissions for a number of Ford passenger and commercial vehicles and exports 100 per cent of its production. Before being taken back into Ford ownership earlier this year, Halewood had been part of Getrag Ford Transmissions, the transmission manufacturing joint venture co-owned by Ford and Magna, for over 20 years.

Commenting on today’s announcement, Justin Benson, partner and automotive sector specialist at management consultancy, Vendigital, said: “Ford’s decision is a major milestone on the UK automotive sector’s journey to a zero emissions future. It’s also a stamp of approval from inward investors, signaling their confidence in the UK’s position within the global EV industry. We’re likely to see more automotive manufacturers following in Ford’s footsteps in the near future.