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Everything to know about Ford’s massive electric vehicle investment and manufacturing plants

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28.09.2021

Ford Motor Company is getting ready to make the largest manufacturing investment in its 118-year history, and, no surprise, it’s a move to phase out gas-powered vehicles and catch up to Tesla, the rival now worth more than Ford and GM combined.

This hard pivot to electric vehicles will entail a massive $11.4 billion investment of capital—which Ford will share with Korea’s SK Innovation, its primary battery maker—to build four plants at two different “mega-sites,” one outside of Memphis, the other in rural Kentucky. Ford will have to singlehandedly plow $7 billion into the venture, which it says should yield 11,000 new jobs by 2025, enabling the company to produce more than 1 million electric vehicles per year........

© Fast Company


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