Ford, SK to spend $11.4B to build two US manufacturing campuses dedicated to EVs and batteries

Ford, SK to spend $11.4B to build two US manufacturing campuses dedicated to EVs and batteries

3 years ago
Anonymous $WHrWmjSJBZ

https://techcrunch.com/2021/09/27/ford-sk-to-spend-11-4b-to-build-two-us-manufacturing-campuses-dedicated-to-evs-and-batteries/

Ford Motor and battery manufacturer SK Innovation plan to spend $11.4 billion to build two massive campuses in Tennessee and Kentucky that will produce batteries as well as the next-generation of electric F Series trucks — a project the companies said will create 11,000 new jobs.

Facilities on the two campuses are designed to cover the entire ecosystem of building an electric vehicle from battery cell production and recycling to a supplier park and an assembly plant. Ford is contributing $7 billion to the project, the largest single manufacturing investment in its 118-year history. The investment is part of Ford’s previously announced plan to put $30 billion towards electric vehicles by 2025.