Ford and SK Innovation to invest $11bn into electrification

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Ford and SK Innovation plan to invest $11.4bn in developing manufacturing facilities for next generation electric F-Series trucks and batteries for future electric Ford and Lincoln vehicles.

Described by Ford as bringing ‘electric vehicles at scale to American customers’, the new sites will be developed in Tennessee and Kentucky where nearly 11,000 new jobs will be created.

Investments in the new Tennessee and Kentucky battery plants are planned to be made via BlueOvalSK, a new joint venture to be formed by Ford and South Korea's SK Innovation.

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The Stanton, Tennessee development will see the creation of Blue Oval City, a mega plant designed to be carbon neutral with zero waste to landfill once fully operational.

In central Kentucky, Ford plans to build a battery manufacturing complex with SK Innovation – the $5.8bn BlueOvalSK Battery Park – creating 5,000 jobs. Twin battery plants on the site are intended to supply Ford’s North American assembly plants with locally assembled batteries for powering next-generation electric Ford and Lincoln vehicles.

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