Ford invests in new plants in the United States of America
$11.4 billion for electric mobility
Ford is building a new electric vehicle plant in the United States. In addition, three battery plants with a total capacity of 129 GWh are being built.
In Europe, Ford is converting its main plant in Cologne to produce an electric car based on the MEB (Modular Electric Building Kit) licensed by VW. But the manufacturer also heralds a new era in the United States.
Under the name “Blue Oval City” – a reference to the brand logo – a new car and battery plant is being built near the city of Stanton in the US state of Tennessee. Nearly 6,000 new jobs will be created there, and production of the next generation of electric F-Class pickups will begin in 2025.
Ford is also building two battery plants in Glendale, Kentucky. The name “Blue Oval SK Battery Park” refers to the cooperation partner. The batteries are produced by Ford in cooperation with the South Korean company SK Innovation. Americans promise 5,000 new jobs for Kentucky. Together, the three new battery plants should achieve a capacity of 129 gigawatt-hours annually.
Investment of 11.4 billion dollars
Ford and SK Innovation are investing a total of $11.4 billion in Tennessee and Kentucky, the company reports. The automaker is offering $7 billion and the collaborative partner $5.4 billion.
“This is our moment, our biggest investment ever, to help create a better future for America,” said Jim Farley, Ford’s president and CEO.
The new plants are part of an already announced strategy, under which Ford plans to invest a total of $30 billion in electric mobility by 2025. By 2030, 40 to 50 percent of all new Ford vehicles are expected to be battery powered. .
Ford also relies on electric mobility in the United States. Together with SK Innovation, US$11.4 billion will be invested in new car and battery production plants. Approximately 11,000 new jobs will be created.
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