Ford is Pouring Billions into EVs
2 New EV Mega Manufacturing Plants in the US Source: Ford New EV Plant & EV Trucks $11.4 Billion for Electrification Ford, along with South Korea's SK Innovation energy company, are investing $11.4 billion to build two, huge manufacturing facilities for electric vehicles in Kentucky and Tennessee. Ford is partnering with SK on the development and manufacturing of much less expensive lithium-ion batteries to bring down the price of Ford electric vehicles and make them much more affordable to the average consumer. Ford is investing $7 billion in the project. SK is investing $4.4 billion. That is the biggest manufacturing investment in Ford's 118 year history. The projects will create 11,000 new US jobs and the facilities are expected to be up and running by 2025. Ford's Big Electric Plans Ford's plans for electric vehicles are big as it shifts away from gas powered vehicles. The company will invest a total of $30 billion into EVs by 202