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Ford Motor Company is building a new plant in Dearborn for an all-electric F-150

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Ford Motor Company

Ford Motor Company is building a new factory, on the grounds of its Rouge Complex in Dearborn.

The new factory will build battery-electric F-150 trucks.

Current Ford COO (and soon-to-be CEO) Jim Farley  says the new truck will be able to haul materials to a work site, and then power all the tools with its batteries.

"This is no gimmick," says Farley. "It is a work horse, it's not a show horse, destined to a shiny garage filled with four luxury cars. It's for serious truck owners."

Farley will replace outgoing Ford CEO Jim Hackett next month.

He says the first electric F-150s are slated to roll off the assembly line in mid-2022.

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