Ford Motor Company has announced a historic $11.4 billion investment to develop and manufacture next-generation electric vehicles (EVs) in Tennessee and Kentucky. Partnering with battery-maker SK Innovation, the Blue Oval brand, as Ford is affectionately known, plans to build electric F-series pickup trucks and advanced lithium-ion battery packs for future Ford and Lincoln EVs at the new sites. The overall initiative will create 11,000 new jobs across both states, supporting the Biden administration's push to increase U.S. employment in the clean energy sector.
"This is a transformative moment where Ford will lead America's transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing," said Ford Executive Chair Bill Ford. "With this investment and a spirit of innovation, we can achieve goals once thought mutually exclusive—protect our planet, build great electric vehicles Americans will love, and contribute to our nation's prosperity."