Ford Will Manufacture Electric Vehicles with New Mega Campus in Tennessee and Twin Battery Plants in Kentucky; with a $11.4B Investment
Ford and SK Innovation plan to invest $11.4 billion creating close to 6,000 jobs in in Stanton, Tennessee, and 5,000 in Glendale, Kentucky for new electric vehicles and advanced lithium-ion batteries in 2025.
The new facility will create about 11,000 jobs in the area. The new campus will be called Blue Oval City, built on a 6-square-mile site in west Tennessee. Ford will build next-generation electric F-Series pickups and advanced batteries. New lineups for Ford and Lincoln EVs will be produced.
Ford’s $7 billion investment is the largest ever manufacturing investment by any automotive manufacturer in the U.S. Part of Ford’s more-than-$30 billion investment in electric vehicles through 2025, this investment supports the company’s longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality, backed by science-based targets in line with the Paris Climate Agreement. Overall, Ford expects 40% to 50% of its global vehicle volume to be fully electric by 2030.
Ford says, “This is a transformative moment where Ford will lead America’s transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing,” said Ford Executive Chair Bill Ford. “With this investment and a spirit of innovation, we can achieve goals once thought mutually exclusive – protect our planet, build great electric vehicles Americans will love and contribute to our nation’s prosperity.”
“This is our moment – our biggest investment ever – to help build a better future for America,” said Jim Farley, Ford president and CEO. “We are moving now to deliver breakthrough electric vehicles for the many rather than the few. It’s about creating good jobs that support American families, an ultra-efficient, carbon-neutral manufacturing system, and a growing business that delivers value for communities, dealers and shareholders.”