Ford Motor Co. has broken ground on a new, $5.6 billion auto production complex in Stanton, Tenn., where it plans to build all-new electric trucks and advanced batteries. The groundbreaking comes less than a year after the Dearborn, Mich.-based automaker and SK On, a Seoul-based battery technology company, announced the investment.
A mega campus of six square miles, the BlueOval City complex will be Ford’s largest and most-advanced auto manufacturing facility once complete, the company said. It will help the automaker reach its goal of a global production run rate of 2 million electric vehicles by 2026.
“We are building the future right here in West Tennessee. This facility is the blueprint for Ford’s future manufacturing facilities and will enable Ford to help lead America’s shift to electric vehicles,” said Eric Grubb, Ford’s director of new footprint construction.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura MillerRead more from Laura Miller
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