>>Ford to Setup New Manufacturin...
Ford Motor to build new manufacturing plants to produce parts for electric vehicles, and this will create nearly 11,000 new job opportunities
Ford Motor Co., in a recent press meet, has announced that it is planning to invest a humungous sum of $11 billion to build several new manufacturing plants to produce parts for electric vehicles, and this will create nearly 11,000 new jobs opportunities. The automaker has said that it will pay for a new assembly plant that will primarily focus on building all-electric F-Series trucks and three battery plants, including units in Kentucky and Tennessee.
Ford previously has announced an investment of $950 million in the Rouge Complex in Dearborn, Michigan, to predominantly manufacturing the all-electric 2022 F-150 Lightning. The company aims to bring the battery supply chain back to the US to reduce the battery shortages as the industry has been kneecapped by the global semiconductor chip shortage.
The company will build two battery plants in Glendale, Kentucky. The company's second battery plant and the truck assembly unit will be built in Stanton, Tennessee. With this, it will pencil out around 5,000 jobs in Kentucky and 5,800 jobs in Tennessee. The company will be investing $7 billion from Ford, and the rest $4.4 billion will be invested by its battery partner SK Innovation of South Korea.