The American automaker has announced that it will build four factories in the United States, representing an investment of $11.4 billion, with 11,000 jobs by 2025.
Ford gave strong impetus to the electric transition by announcing on Monday, September 27, that it will build four factories in the United States, with its South Korean partner SK innovation, representing a $11.4 billion investment that is key to 11,000 jobs. The American automaker stated that two battery factories will be established in Kentucky, in the center of the United States. A third battery plant will be built in West Tennessee alongside a new vehicle factory that is expected to begin producing F-Series electric vehicles by 2025.
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Ford will invest a total of $7 billion, part of the $30 billion announced earlier this year. SK Innovation will pay for the rest. The automaker said it was the largest investment ever in Ford’s 118-year history for new manufacturing facilities. This investment supports “The company’s long-term goal of creating a sustainable American manufacturing ecosystem and accelerating its progress towards carbon neutrality (…) in line with the Paris climate agreement”.
Ford has also revised up its electrified fleet targets, as it expects 40% to 50% of global sales volume to be all-electric by 2030, compared to the 40% predicted in the spring. “This is a transformative moment when Ford will lead America’s transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing.”Bill Ford, Ford’s chairman of the board, quoted in the press release. In a patriotic tone, he felt: “spirit of innovation”the group will reconcile what was once considered incompatible: protecting the planet, building it “Great electric vehicles that Americans will love” While contributing to the prosperity of the United States.
“To deliver revolutionary electric vehicles for the majority rather than the few. »
Ford CEO Jim Farley
The news comes amid strong demand for the new F-150 Lightning pickup truck and Ford Group’s other electrified models, such as the E-Transit and Mustang Mach-E. Like its compatriot GM, the manufacturer is trying to catch up with the Tesla group, which is the pioneer of this niche. Under pressure from the public, customers and investors, who are increasingly sensitive to environmental problems, many manufacturers have turned to electrification of vehicles to reduce polluting emissions. But until recently, the transition to electricity was not so pronounced.
Ford’s CEO, Jim Farley, underlined the issue: “Delivering revolutionary electric vehicles for the majority instead of the few”, referring to the fact that electric vehicles like Tesla’s continue to be expensive and therefore out of reach of middle-class families. At the same time, he explains that it is a matter of creation. “Good works supporting American families” thus, he is addressing a subject that the American president loves very much.
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Joe Biden has made transforming into a greener car a priority. Ford’s announcement will give Democrats a boost as they push their plans for massive $1 trillion in infrastructure investments in Congress this week. They want to take measures in favor of the environment and insist that this could create millions of jobs for the future. The first project provided the infrastructure plan for the construction of a national grid of 500,000 charging stations by 2030 and the electrification of 20% of the famous yellow school buses.