Ford Breaks Ground At BlueOval City: $5.6 Billion Investment In Tennessee
The plant will produce a "revolutionary" all-new electric truck and EV batteries for Ford and Lincoln vehicles.
Ford officially has broken ground at BlueOval City in Stanton, Tennessee, which is set to become the largest, most advanced auto production complex in the company’s 119-year history.
The $5.6 billion investment was announced in September 2021, and it includes an all-new vehicle factory as well as a lithium-ion battery cell gigafactory (43 GWh annually), which is a joint venture with SK Innovation's SK On.
It's a massive new project, which lays the foundation to achieve a 2 million electric vehicle annual run rate globally by late 2026.
Ford also underlines that already it has become the No.2 electric vehicle brand in the US through August and based on August 2022 total sales.
"Structural steel is erected less than one year after Ford and SK On announced their $5.6 billion investment to build a revolutionary all-new electric truck and advanced batteries for future Ford and Lincoln vehicles in West Tennessee. The nearly 6-square-mile mega campus will create approximately 6,000 new jobs when production begins in 2025."
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