Ford begins the construction of a $5.6 billion EV hub
Announced a year ago, Ford's 'BlueOval City' has become a giant project to build a six square mile (15.5 square kilometres) factory to assemble electric trucks and manufacture electric vehicle (EV) batteries.
Representing a joint venture between Ford and South Korean battery manufacturer SK On, BlueOval City, Tennessee, is expected to start operations in 2025 and will create around 6,000 jobs in West Tennessee, according to Ford. Additional jobs are expected to be offered by the growing number of suppliers around the facility in the coming years.
Ford says BlueOval City is the blueprint of the automakers manufacturing abilities and will help boost America's shift to EVs. Recently Ford announced its plans to ramp up EV production, reaching 600,000 units per year by 2023 and 2 million by 2026.
This goal will be supported by a partner facility in Kentucky, consisting of two SK On battery plants and an additional 5,000 jobs. The Tennessee and Kentucky plants will have a battery output of 129 GWh, and BlueOval City will produce batteries for Ford and Lincoln EVs.
Ford also plans to start producing lithium-ion batteries by 2026, turning away from the more expensive materials used today.