Ford is investing $11.4 billion to build four new plants in the US, aiming to lead the transition to electric vehicles. This investment will create 11,000 jobs by 2025. The company plans to build battery factories in Kentucky and Tennessee, and a vehicle plant in Tennessee. Ford aims for 40-50% of its global vehicle volume to be electric by 2030, up from an earlier estimate of 40%. This move comes amid strong demand for models like the F-150 Lightning, E-Transit, and Mustang Mach-E, and coincides with US legislative efforts to promote a cleaner economy.

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