Ford to Invest Billions in EV Production Sites & Battery Plants
Ford has announced it is going to invest $US11.4 billion ($AU15.7 billion) in two new EV-focused facilities at locations in the US.
The first, to be called Blue Oval City, will be built on a 3,600-acre site in the state of Tennessee and is marked for the production of the next-generation electric F-Series pick-ups and advanced batteries. The campus will become a vertically integrated ecosystem for Ford with F-Series assembly, a BlueOvalSK battery plant, as well as key suppliers and recycling located there. BlueOvalSK is a joint venture between Ford and South Korean company SK Innovation.
The second facility is to be a 1,500-acre battery manufacturing campus in Kentucky to be called BlueOvalSK Battery Park. It will consist of twin battery plants that will supply
Ford’s North American assembly plants with batteries for next-gen electric Ford and Lincoln vehicles. Production is expected to begin in 2025.
All up, the three new BlueOvalSK battery plants will aim for 129 gigawatt hours a year of US production capacity for Ford, and the two huge campus facilities
will create some 11,000 jobs.
“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 Bill Ford, Executive Chair of 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.”
21 October 2021