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Ford plans $11.4 billion investment to build EVs and batteries

Ford plans $11.4 billion investment to build EVs and batteries

David Wagman writes in PV Magazine that Ford plans to invest $11.4 billion to build EVs and batteries.

The C3 Take
  • Ford will partner with South Korea-based SK Innovation to build two new plants in Tennessee and Kentucky that would produce electric F-Series trucks.
  • Ford’s Stanton, Tennessee plant will be powered by solar, wind, and geothermal energy.
  • Ford will also work with Nevada-based Redwood Materials to increase lithium-ion recycling and localize its supply chain.
  • The leadership and innovation of the private sector is creating a cleaner future.

“Ford Motor and partner SK Innovation said they plan to invest $11.4 billion at two sites in Kentucky and Tennessee to produce electric F-Series trucks and the batteries to power future electric vehicles.”

Read the full article here.

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