Ford reveals plans for 11.4 billion massive EV and battery factories in the US

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Ford and South Korean battery manufacturer SK Innovation will spend a combined $11.4 billion to build several new factories in the Tennessee and Kentucky focused on the development and production of electric vehicles and the batteries that power them.

The new facilities represent the first new plants built by Ford, completely from scratch, in over 50 years. The Tennessee plant will be a “mega campus” that houses a vehicle-production facility for Ford’s F-series pickup trucks and a battery assembly division, while the twin factories in Kentucky will manufacture lithium-ion batteries.

The facilities won’t come online until 2025, but Ford CEO Jim Farley says the investment signals the seriousness with which the company is taking its commitment to EVs. The new campus in Stanton, Tennessee, for example, will cover nine square miles and represents the largest facility ever built in the company’s 118-year history, Farley said.

Continue Reading @ TheVerge

 

[Kogi]

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Ford and South Korean battery manufacturer SK Innovation will spend a combined $11.4 billion to build several new factories in the Tennessee and Kentucky focused on the development and production of electric vehicles and the batteries that power them.

The new facilities represent the first new plants built by Ford, completely from scratch, in over 50 years. The Tennessee plant will be a “mega campus” that houses a vehicle-production facility for Ford’s F-series pickup trucks and a battery assembly division, while the twin factories in Kentucky will manufacture lithium-ion batteries.

The facilities won’t come online until 2025, but Ford CEO Jim Farley says the investment signals the seriousness with which the company is taking its commitment to EVs. The new campus in Stanton, Tennessee, for example, will cover nine square miles and represents the largest facility ever built in the company’s 118-year history, Farley said.

Continue Reading @ TheVerge

Great announcement, makes me proud to have reserved a lightning.

 

[wired]

Agreed! I'm glad to be a Ford stock holder. The new CEO is doing a great job pushing Ford into the next generation.

 

[firefight04]

Agreed! I'm glad to be a Ford stock holder. The new CEO is doing a great job pushing Ford into the next generation.

Better late than never