![]() The state's 100-year relationship with Ford has included everything from Model T production to building U.S. ![]() And the last piece is about $36 million in training." It’s 1,500 acres off I-65, just about 40 minutes south of Louisville. It’ll include conveyance of the land that is the megasite. ![]() "They’ll be able to draw on this loan over a period of about 20 years. "This is a variation of our normal incentive package," Beshear said. He said on Monday that the project involves a $250 million forgivable loan, which requires the automaker to meet its projections for investment and jobs. Andy Beshear knows Ford well and worked to close this deal. With two Ford plants in Louisville, Kentucky's Gov. "Now, 63 years later, I get to be on the team that brought Ford back. “Back in 1958, Ford relocated its South Memphis plant to Ohio and my grandfather was unable to relocate," he said. Ted Townsend, chief economic development officer of the Greater Memphis Chamber, said the Ford project is “deeply personal” to him. “They're returning to transform the Memphis market and make eco-friendly, carbon-neutral manufacturing the gold standard of the automotive industry."įord opened a Model T assembly plant in Memphis, relocated to a new facility in South Memphis in 1924, and then relocated to Ohio in 1958. "Back in 1913, Ford produced wooden wheels and body foundations for Model T Fords in Memphis,” said Beverly Robertson, CEO of the Greater Memphis Chamber, in a statement. Tennessee officials said Ford’s return to the state is special because of its history. In addition, officials in Tennessee have set up a fund to pay for vocational training and develop curriculums that teach the skills needed in the workforce, she said. "This will be the initial capacity that we install as we march towards our 40% EV penetration in 2030," Drake said. Recycling will be part of the whole operation too, she said. Production is targeted to begin in 2025 at both sites in Tennessee and one site in Kentucky, with the second battery cell facility in Kentucky launching in 2026. Production of advanced lithium-ion batteries will begin in 2025.įord will begin groundbreaking later this year, Lisa Drake, Ford chief operating officer for North America, said in an interview. In central Kentucky, Ford will build BlueOvalSK Battery Park, consisting of twin battery plants that will power a new lineup of Ford and Lincoln vehicles coming to market later this decade.The assembly plant at Blue Oval City is designed to achieve a vision of carbon neutrality and meet the company's air emission goals to have a regenerative impact on the local environment through "biomimicry in design of the plant facility.".Inside the plant, "zero-waste-to-landfill" processes will capture materials and production scrap at an on-site materials collection center to sort and route materials for recycling or processing either at the plant or off-site. It will include an assembly plant, battery production and supplier park. Ford is planning to build a 3,600-acre megacampus in west Tennessee called Blue Oval City, designed to be the largest, most efficient factory in Ford history. ![]() These are not all the batteries that Ford will need for all-electric vehicles in North America, but it's a start, he said. And three to four years from now, with all this capacity, we'll have more than a million units of batteries on our hands. This puts us on the map as a leader." With projects in Tennessee and Kentucky, combined with existing SK Innovation supplies made at a plant in Georgia, Ford now will be able to obtain the 140 gigawatts of battery capacity it has talked about having in five years, Farley said. "It's a million vehicles' worth of batteries we're announcing this week." "It's a million units of batteries - annual," he said. Goodbye, 8-cylinder engine: Toyota reveals redesigned 2022 Tundra full-size pickup for automotive use at 129 gigawatts, Farley said.Ĭonsumer Reports: These are the 10 most and least reliable 2021 cars, trucks and SUVs These new plants will produce perhaps twice as much per year as all the batteries made in the U.S. We already have sold out of our first generation of electric vehicles and we’re dealing with that capacity issue now," Farley said. "Are we ahead or behind? This announcement puts us ahead. It won’t be the last," Ford CEO Jim Farley said in an interview Monday.įarley said the company is positioned to truly compete in the all-electric arena. "This is a really important strategic bet to insource these key components. ![]()
0 Comments
Leave a Reply. |