Ford on Monday announced it would invest $2 billion in a Louisville, Kentucky, assembly plant aimed at rolling out more affordable electric vehicles. The investment comes on top of $3 billion already planned for a battery park in Michigan.

Ford announced Monday it will invest $2 billion and secure nearly 2,200 jobs in a Louisville, Ky., assembly plant that will build affordable electric vehicles.

LIVE | Ford announces 'radical' electric vehicle plan with $2B investment in Louisville Ford is making a major announcement at its Louisville Assembly Plant. The company said it is making a "radical change" to how they design vehicles.