Ford, together with partner, SK Innovation, has announced plans to make the largest ever US investment in electric vehicles, $11.4 billion and 11,000 new jobs, in a new factory in Tennessee and two Kentucky battery plants.
Like rivals Stellantis and GM, Ford hopes around half of the cars it sells by 2030 will be zero emission and, combined, the new factories mark the single largest manufacturing investment the 118-year-old company has ever made and are among the largest factory outlays in the world.
The $5.6 billion site in Tennessee, called Blue Oval City, will create around 6,000 new jobs and the $5.8 billion BlueOvalSK Battery Park battery manufacturing complex, alongside SK Innovation, in Kentucky, will create around 5,000 jobs.
Ford’s president and chief executive, Jim Farley, said: “This is our moment – our biggest investment ever – to help build a better future for America. We are moving now to deliver breakthrough electric vehicles for the many rather than the few.”