Ford Just Announced Another Battery-Electric Commercial Van

Ford Motor Company (NYSE: F) said today that it will add a battery-electric version of its midsize Transit Custom to its commercial-van lineup in 2023.

The next-generation version of the Transit Custom, a midsize commercial van popular in Europe, will also be offered in plug-in hybrid and so-called "mild hybrid" versions, as well as conventional internal-combustion and the new fully electric iteration, when it debuts in about two years, Ford said.

Ford builds the Transit Custom in a factory in Kocaeli Province in Turkey that is owned by Ford Otosan, its longtime joint venture with Turkish industrial conglomerate Koç Holding (OTC: KHOLY). Ford Otosan said in December that it will invest 2 billion euros ($2.38 billion) in the factory, about 60 miles southeast of Istanbul, to increase production of battery packs and completed vehicles. 

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Source Fool.com