Ford To Invest $4.5 Billion In 13 New Electrified Vehicles By 2020
DEARBORN (AP) - Ford Motor Co. says it will introduce 13 new electrified vehicles worldwide by 2020, including an updated Focus sedan that will go on sale late next year.
The new Focus will have fast-charging capability and an estimated 100-mile range, up from 76 miles in the current electric Focus.
Ford also plans to introduce the Mondeo hybrid sedan and the C-Max Energi plug-in hybrid in China next year.
Ford currently sells electric, hybrid and plug-in hybrid versions of its Focus, Fusion, C-Max and Lincoln MKZ sedans. Ford CEO Mark Fields says the company wants 40 percent of its global offerings to come in electric versions by 2020, up from 13 percent now.
Ford says it will spend an additional $4.5 billion to meet its electrification goals by 2020.
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