Ford EV platform powers a $30,000 midsize electric pickup in 2027, built in Louisville with U.S.-made prismatic LFP batteries and a faster “assembly tree” line.

Ford is investing $2 billion to upgrade its Louisville plant for electric vehicle production, part of a $5 billion plan to lead the EV market with affordable trucks and new manufacturing.

Ford announced the creation of a new production process and platform to help it bring its next EV to market in 2027.

Ford plans to start rolling out its new family of affordable electric vehicles in 2027, including a midsize pickup truck with a target starting price of $30,000, the company said on Monday, as it aspires to the cost efficiency of Chinese rivals.

Ford Motor Company has issued a recall for 103,174 F-150 pickup trucks, citing concerns over faulty rear axle hub bolts that could break.

Ford is recalling 144,516 of its 2022-2024 Ford Maverick vehicles that are equipped with a Connected Touch Radio, the NHTSA report issued on Thursday said. The motor company said the “rearview camera image may freeze when the vehicle is in reverse.

Ford Motor is recalling more than 103,000 F-150 pickup trucks due to an issue with the vehicles' axle hub bolts.