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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.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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