Ford aims to lead U.S. EV shift with $11.4-billion investment

Ford aims to lead U.S. EV shift with $11.4-billion investment

With a new mega campus in Tennessee and twin battery plants with joint-venture partner SK Innovation in Kentucky, the investment is expected to create 11,000 jobs to power a new lineup of Ford and Lincoln EVs.
Ford Motor Co. plans to make what it says is the largest ever U.S. investment in electric vehicles (EVs) at one time by any automotive manufacturer. With its partner SK Innovation, the companies will invest $11.4 billion and create nearly 11,000 new jobs at two new “mega-sites” in Tennessee and Kentucky. The environmentally and technologically advanced campuses will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles.

In Stanton, TN, the $5.6-billion Blue Oval City will create about 6000 new jobs for vehicle and battery manufacturing. The vertically integrated facility will assemble an expanded lineup of electric F-Series vehicles and includes a BlueOvalSK — a new joint venture to be formed by Ford and SK Innovation — battery plant, key suppliers, and recycling. The assembly plant is designed to be carbon neutral with zero waste sent to landfills once fully operational.

In central Kentucky, with the $5.8-billion BlueOvalSK battery park, Ford will build a battery manufacturing complex with SK Innovation, creating 5000 jobs. The twin battery plants on the site are intended to supply Ford’s North American assembly plants with locally assembled batteries for powering next-generation electric Ford and Lincoln vehicles.

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