Search
Monday, November 28, 2022

Ford to spend $11B to build Tennessee’s ‘mega campus’ battery plant

Ford to spend $11B to build Tennessee's 'mega campus' battery plant

28 September (WNN) — Auto giant Ford has announced a major push to move away from fossil fuels and build a new campus in Tennessee to “lead America’s shift to electric vehicles” — a plan it says will create thousands of jobs. will also be born.

The automaker announced late Monday that it would spend $11.4 billion in the effort, which will produce a 3,600-acre campus in western Tennessee and twin lithium-ion battery plants in central Kentucky.

The project is a partnership with South Korea-based SK Innovation. Ford said the move is the largest single EV investment ever made in US history.

The $5.6 billion “mega campus”, which will be called Blue Oval City, and the plant will start operating in 2025.

Ford said the Stanton, Tenn., campus will include its largest battery plant and will be its “largest, most advanced, most efficient auto production complex” in the company’s history. Stanton is located about 40 miles northeast of Memphis.

The automaker said its six-mile campus will be carbon-neutral, use recycled water and recycle its materials.

“This is a transformative moment,” Ford executive chairman Bill Ford said in a statement. “With this investment and spirit of innovation, we can achieve goals once deemed mutually exclusive – protect our planet, build great electric vehicles Americans … and contribute to our nation’s prosperity. “

Ford said it expects the project to create about 11,000 jobs.

In Monday’s announcement, the company also announced a nationwide investment of $525 million to train and develop electric auto technicians.

Ford announced a partnership with SK Innovation in May to produce EV batteries in the United States.

.

World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.

Latest News

Related Stories

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Thanks for submitting your comment!