Ford will retool its Louisville Assembly plant beginning later this year to produce vehicles from a new Universal EV Platform starting with a midsize truck for $30,000

Ford Motor Company will invest nearly $2 billion to convert a longtime auto manufacturing plant in Louisville to build electric vehicles from a new platform adaptable to multiple vehicle types, aiming to launch a mid-sized EV pickup truck by 2027.

CEO Jim Farley, as well as other auto executives and Kentucky leaders, introduced the new Ford Universal EV Production System and Ford Universal EV Platform at the Ford Louisville Assembly Plant (LAP) on Monday so they can prepare for the next generation of electric vehicles.