fbpx
Tuesday, 28 September 2021 16:10

Ford to Invest $11.4B to Build New EV Campus in Tennessee, Battery Plants in Kentucky

Index

...expand production capacity and add jobs at the Ford Rouge Electric Vehicle Center in Dearborn, MI.

 

“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.”

 

Ford’s $7 billion investment is the largest ever manufacturing investment at one time 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.

 

“We are proud to be partnering with Ford as they open a new chapter in automobile history,” said Dongseob Jee, president of SK Innovation. “We are excited to be taking this decisive leap together, as partners, and to bring about our common vision for a cleaner planet. Our joint venture, BlueOvalSK, will embody this spirit of collaboration. We look forward to growing our trust-based partnership by delivering on our market-leading value proposition, experience and cutting-edge expertise.”

 

All-New Ford Blue Oval City

 

Reimagining how electric vehicles---and the batteries that power them---are designed, manufactured and recycled, Ford is creating an all-new electric vehicle manufacturing ecosystem.

 

Blue Oval City will be among...


Read 353 times