Detroit-based Ford said Monday it will partner with SK Innovation to invest $11.4 billion to construct two “mega-sites” — one in Tennessee and the other in Kentucky — that will build electric trucks and batteries.
Ford’s portion of the investment — $7 billion — is the largest manufacturing investment in the company’s 118-year-old history.
Stanton, Tennessee will see the construction of Blue Oval City, which Ford says will aid in building an “expanded” electric-truck lineup.
Currently, Ford has released the all-electric SUV called the Mach-E and soon will begin producing the all-electric F-150 Lightning.
The 3,600-acre campus will cover nearly 6 square miles, at a total of $5.6 billion. It’s expected to created 6,000 jobs.
No less impressive is the other mega campus slated to open in Glendale, Kentucky.
Dubbed BlueOvalSK Battery Park, it will be a dedicated battery manufacturing complex for Ford’s expanding roster of electric vehicles.
The 1,500-acre site will cost $5.8 billion to build and create 5,000 jobs. The location is targeted to open in 2025.
The campuses are part of Ford’s $30 billion investment in electric vehicles through 2025. Ford expects 40% to 50% of its global vehicle volume to be fully electric by 2030.