Thirteen new electrified vehicles will debut in the next five years (globally), including the F-150 Hybrid, Mustang Hybrid and Transit Custom plug-in hybrid.

Ford has announced that seven of the 13 new global electrified vehicles it plans to introduce in the next five years, including hybrid versions of the F-150 and Mustang in the U.S., a plug-in hybrid Transit Custom van in Europe and a fully electric SUV with an expected range of almost 500 km for customers globally.

The automaker also announced plans to invest $700 million to expand its Flat Rock Assembly Plant in Michigan into a factory that will build high-tech autonomous and electric vehicles along with the Mustang and Lincoln Continental.

“As more and more consumers around the world become interested in electrified vehicles, Ford is committed to being a leader in providing consumers with a broad range of electrified vehicles, services and solutions that make people’s lives better,” said Mark Fields, Ford president and CEO. “Our investments and expanding lineup reflect our view that global offerings of electrified vehicles will exceed gasoline-powered vehicles within the next 15 years.”