Ford announced Monday it will invest $2 billion and secure nearly 2,200 jobs in a Louisville, Ky., assembly plant that will build affordable electric vehicles.

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.

CEO Jim Farley, as well as other auto executives and Kentucky leaders, introduced the new Ford Universal EV Production System and Ford Universal EV Platform at the Ford Louisville Assembly Plant (LAP) on Monday so they can prepare for the next generation of electric vehicles.