It’s EVerywhere
November 29, 2021
Ford’s decision to make its biggest-ever investments in electric vehicles at sites in Tennessee and Kentucky serves to solidify the southern U.S. as America’s Ground Zero for EV production. In late September, the Detroit-based automaker announced plans with South Korean battery maker SK Innovation to invest a combined $11.4 billion to build an electric offering of the storied F-150 and batteries to support the coming generation of electric vehicles.
The biggest part of the investment, some $5.6 billion, is to go toward BlueOval City, a truck and battery plant to be built at the 4,100-acre (1,670-hectare) Memphis Regional Megasite, which has patiently awaited a proper suitor since being conceived close to two decades ago and funded thus far by the State of Tennessee to the tune of some $90 million.