Ford to invest $5.6B in Memphis-area site to build all-electric trucks, batteries – Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee 2021-09-27 20:12:21 –

Memphis-Ford Motor Company, Tennessee has selected the Memphis Regional Megasite for its electric vehicle and battery manufacturing campus, which state authorities are calling for change, Governor Billley’s office announced on Monday.

The 3,600-acre project, called Blue Oval City, is a joint venture between Ford and SK Innovation. According to Lee’s office, the investment in the region will lead to $ 5.6 billion and an estimated 5,800 jobs.

Production of the next generation all-electric F-series truck will begin in 2025 in the western Tennessee countryside.

Lisa Drake, Chief Executive Officer of Ford North America, said: “This is a once-in-a-generation investment that creates thousands of high-quality jobs and supports the transition to American electric vehicles. Ford leads the electric vehicle revolution, tackles climate change, and hires tomorrow. Tennessee plays an important role in continuing to create. We look forward to working together to create the future. “

The Greater Memphis Chamber of Commerce called the project “the largest single investment in Tennessee history.”

“This project will change the world for the people of Memphis and West Tennessee,” said Ted Townsend, Chief Economic Development Officer of the Greater Memphis Chamber of Commerce. “But that’s also very personal to me. In 1958, Ford relocated its South Memphis factory to Ohio, but my grandfather couldn’t. Now 63 years later. , I’m now on the team that revived Ford, which makes this victory much sweeter. “

Beverly Robertson, president and CEO of the Chamber of Commerce, said Memphis and Ford have a history together.

“In 1913, Ford manufactured wooden wheels and body foundations for the Model T Ford in Memphis. 108 years later, they are transforming the Memphis market and making eco-friendly, carbon-neutral manufacturing in the automotive industry. I’m back to make it a gold standard, “she said.

Ford Motor Company executives will be attended by Lee and other government officials for an official announcement in Memphis on Tuesday morning.

Tennessee will offer enhanced incentives totaling over $ 500 million to successfully complete the project.

“Today is a really great day for West Tennessee and the region as a whole. Ford’s investment in megasites will bring thousands of jobs and reshape West Tennessee’s economy for the next generation,” said the United States. Congressman David Kustov (R-8) said in a statement.

The Memphis Regional Megasite is located along Interstate 40, about 30 miles northeast of Memphis.The state has begun Marketing the site in 2015 After about 10 years of development. But until four months ago, state officials were still looking for tenants.

State has Estimated total investment $ 52 million for site wastewater and water infrastructure.

“It’s actually hard to exaggerate the importance of this announcement and the potential for change in areas where the state is underserved,” said state senator Laumesh Akbari (D-Memphis).

Senator Brian Kelsey (R-Germantown) said the state is committed to providing the skilled workforce needed for new high-tech jobs.

“Many of us in Congress have worked for many years to promote the Memphis Mega Site, and we look forward to seeing Governor Lee realize this dream,” Kelsey said.

Ford to invest $5.6B in Memphis-area site to build all-electric trucks, batteries Source link Ford to invest $5.6B in Memphis-area site to build all-electric trucks, batteries

Back to top button