San Francisco, Feb. 5 -- US automaker Ford has announced to more than double its investment in electric and autonomous vehicles to $29 billion.
The automaker had previously committed to spend $11.5 billion on electrifying its vehicle lineup through 2022.
"We are now planned to invest at least $22 billion in electrification in the next few years through 2025. And that's just electrification," said Ford CEO James D. Farley.
"We are accelerating our plans right now, breaking constraints, increasing battery capacity, improving our costs and getting more battery electrics into our cycle plan," he told the investors during the fourth quarter earnings call on Thursday.
"When you include the spending on our autonomous driving, our total commitm...