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Ford will make the largest investment in its 118-year history and will create two mega-factories for batteries and electric cars in the US.

At Ford they believe that we are “on the brink of a revolution.” Bill Ford, president of the company, explained in an interview his ambitious plans to invest with SK Innovations $ 11.4 billion in two new electric car manufacturing plants which will be located in Tennessee and Kentucky (United States).

Is about the firm’s largest investment in its 118-year history, and in addition to their cars and batteries, the factories will generate 11,000 jobs. The electrification of the automobile industry continues its unstoppable march.

Two mega factories to produce batteries and electric cars

The investment will be made jointly with the South Korean energy company SK Innovations, which will contribute 4,400 million of the total and that will become the partner of this ambitious Ford project.

The firm had already announced that it would invest 30,000 million before 2025 in the creation of electric cars, and 40% of its sales in 2030 are expected to be of this type of vehicle. Part of that investment will end up in the Valencian Community, where Ford is part of a public-private partnership for the creation of a battery giant factory.

The new Blue Oval City – in reference to the Ford logo – located in Stanton, Tennessee, will be a $ 5.6 billion megacampus with 6,000 dedicated workers. create electric versions of your F-family trucks, in addition to producing batteries.

Blue
Blue

That plant “is designed to have a zero carbon footprint and with zero waste once it is fully operational “, explained at Ford.

The other plant, called BlueOvalSK Battery Park, will be in Glendale, Kentucky, and $ 5.8 billion will be devoted to its development. 5,000 employees will be dedicated to creating the batteries “for the future generation of Ford and Lincoln vehicles.” Both are expected to be operational in 2025.

Via | NBC