Sep 28, 2021

Ford announces $11.4bn investment in electric vehicle plants

Ford has announced a major investment in electric vehicle production in the US, promising to build its biggest ever factory in Tennessee, and two battery parks in Kentucky. The government investment needed to make it happen is still in question. Ford said its Tennessee factory - called Blue Oval City - will cover a 6-square-mile area and build next-generation electric pickup trucks and batteries from 2025.Its battery parks in Kentucky will power a new line-up of Ford and Lincoln EVs."This is our moment - our biggest investment ever - to help build a better future for America," said Jim Farley, Ford's president and chief executive. Ford has already ramped up investment in EV production at its Texas and Michigan plants. Ford told the BBC its announcement was not timed to coincide with this week's voting on Capitol Hill.But it said supports the passage of both bills, which would "Help more Americans get into electric vehicles, while at the same time supporting American manufacturing and union jobs".

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