- Source: Blue Oval City
BlueOval City is a planned automotive assembly complex near Stanton, Tennessee that will be operated by Ford Motor Company and SK Innovation. It is expected to be operational in 2025. The facility takes its name from Ford's logo. It will primarily consist of an automotive assembly plant to produce electric pickup trucks and a plant to manufacture electric vehicle batteries, as well as a battery recycling facility, suppliers, and a training center.
The project is expected to cost $5.6 billion, making it the most expensive single investment in Tennessee history. It will employ approximately 5,800 people when complete.
History
The project was jointly announced by both companies on September 27, 2021. A ceremony was held the following day at Shelby Farms in Memphis, providing further details of the project. The facilities will be constructed at the 4,100-acre (1,700 ha) Memphis Regional Megasite, also known as the West Tennessee Megasite, which was designated as an industrial site in September 2009.
The site is located in rural Haywood County near the town of Stanton, about 40 miles (64 km) east of Memphis. It is accessible from Interstate 40. The state was initially expected to provide approximately $500 million worth of incentives that include infrastructure improvements, grants, and a new campus operated by the Tennessee College of Applied Technology (TCAT) to train workers for the plants. The final cost ballooned to $884 million.
In addition to BlueOval City, Ford and SK Innovation announced plans to construct twin battery plants in Glendale, Kentucky, called BlueOval SK.
See also
List of Ford factories
List of automotive assembly plants in the United States
References
Kata Kunci Pencarian:
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- Blue Oval City
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