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Ford to Invest $11.4 Billion in Tennessee and Kentucky

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Ford  (F) - Get Ford Motor Company Report is investing $11.4 billion to build a new mega campus in Tennessee and Twin Battery Plants in Kentucky that would create 11,000 jobs.

“This is our moment – our biggest investment ever – to help build a better future for America,” said Ford CEO Jim Farley. “We are moving now to deliver breakthrough electric vehicles for the many rather than the few. It’s about creating good jobs that support American families, an ultra-efficient, carbon-neutral manufacturing system, and a growing business that delivers value for communities, dealers and shareholders.”

The $5.6 billion mega campus, which will be known as Blue Oval City in Stanton, Tennessee, will have an all-new electric vehicle manufacturing ecosystem. The automaker says the city will be among the largest auto manufacturing campuses in U.S. history, creating 6,000 jobs.

Tennessee Governor Bill Lee said that West Tennessee is primed to deliver the workforce and quality of life needed to create the next great American success story with Ford Motor Company and SK Innovation.

“This is a watershed moment for Tennesseans as we lead the future of the automotive industry and advanced manufacturing,” said Tennessee Governor Bill Lee.

BlueOvalSK Battery Park, the twin battery plants in Glendale, Kentucky, will produce a total of 86 gigawatt-hours annually. The Battery Park will bring about 5,000 new jobs to Kentucky

“This is the single largest investment in the history of our state and this project solidifies our leadership role in the future of the automotive manufacturing industry,” said Kentucky Governor Andy Beshear. 

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