The manufacturer is going to invest $3.7 billion in electric vehicle manufacturing in Tennessee and Kentucky, resulting in the creation of 11,000 new jobs.

Ford Motor Company announced today that it will invest $3.7 billion in the production of electric vehicles in Tennessee and Kentucky. The investment will support Ford’s goal of producing 600,000 electric vehicles per year by 2025, creating 11,000 new jobs.


The money will go towards the construction of two new electric vehicle battery plants in Tennessee and Kentucky. BlueOvalSK, Ford’s joint venture with SK Innovation, will operate the plants. The plants will be able to produce 60 gigawatt-hours of battery cells per year, which is enough to power 600,000 electric vehicles.

The Purpose:

The investment is a significant boost to the electric vehicle industry in the United States. It is the single largest investment in electric vehicle manufacturing in American history. The investment will assist Ford in meeting its target of producing 2 million electric vehicles per year by 2026.

The investment is also beneficial to Tennessee and Kentucky. One of the new battery plants will be allocated to each of the two states. The plants will generate 5,800 new jobs in Tennessee and 5,200 new jobs in Kentucky.

The investment demonstrates Ford’s commitment to the electric vehicle market in the United States. Ford is a market leader in the electric vehicle market in the United States. The Mustang Mach-E and the F-150 Lightning are the company’s current electric vehicles. Ford intends to release a number of additional electric vehicles in the coming years.

The investment is a significant boost to the US economy. It is expected to generate $11.4 billion in economic activity and 11,000 new jobs. The investment is also expected to help reduce the United States’ reliance on foreign oil.

The investment benefits the environment. Electric vehicles emit no emissions, which aids in the reduction of air pollution and greenhouse gas emissions. The investment is expected to reduce carbon emissions in the United States by 1.8 million metric tones per year.

Ford’s investment in electric vehicle production is a significant step forward for the electric vehicle industry in the United States. The investment is expected to create jobs, stimulate the economy, and reduce greenhouse gas emissions.


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