Ford Motor Co. has announced a $5B investment in EVs, bringing production of a new vehicle to Louisville. Here's what we know.

Ford said its combined investment of about $5 billion at the Kentucky assembly plant and Michigan battery plant is expected to create or secure nearly 4,000 direct jobs between the two plants while strengthening the domestic supply chain with dozens of new U.S.-based suppliers.

The $2B Ford investment promises to create a new Universal EV Platform for assembly, bring a new four-door midsize truck EV to Louisville.