Ford and SK to Invest US$11.4 Billion in TN, KY

Ford Motors of Dearborn, MI has announced plans for two new campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. Ford and its partner, SK Innovation of South Korea, plan to invest a total of US$11.4 billion at the two locations.

An all-new US$5.6 billion campus at Stanton, TN, called Blue Oval City, will “re-imagine how vehicles and batteries are manufactured” and will include a BlueOvalSK battery plant, key suppliers and recycling.

In central Kentucky, Ford plans to build a dedicated battery manufacturing complex with SK Innovation, the US$5.8 billion BlueOvalSK Battery Park. Twin battery plants on the site are intended to supply Ford’s North American assembly plants with locally assembled batteries.

Bill Ford, Ford’s executive Chair, said, “This a transformative moment where Ford will lead America’s transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing. 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.”

Volume 35, Issue 18

Leave a Reply