Ford’s BlueOval Metropolis electrical automobile and battery manufacturing campus in West Tennessee is scheduled to start manufacturing in 2025. It is going to be house to Ford’s second-generation electrical truck, code named Undertaking T3, and can be able to producing 500,000 EV vehicles a yr at full manufacturing.
Ford
Ford Motor’s new plant being constructed exterior Memphis, Tennessee, can be able to constructing 500,000 electrical automobiles yearly at full manufacturing, the corporate stated Friday.
The primary and solely product to be introduced so far for the “BlueOval Metropolis” plant is a next-generation electrical truck, which Ford has code-named “T3,” brief for “TrustTheTruck.”
“Undertaking T3 is a as soon as in-a-lifetime alternative to revolutionize America’s truck,” Ford CEO Jim Farley stated Friday in a launch. “It is going to be a platform for limitless innovation and functionality.”
Extra merchandise utilizing Ford’s next-generation EV structure may very well be produced alongside the truck, nonetheless an organization spokesman declined to touch upon future product plans for the plant.
Ford and South Korea-based battery provider SK On are investing $5.6 billion within the BlueOval Metropolis campus, together with a big battery cell plant. Manufacturing on the vegetation is on observe to start in 2025, Ford stated Friday.
BlueOval Metropolis is a key a part of Ford’s plans to be able to producing 2 million EVs in 2026, which can also be the goal for the corporate’s Mannequin e EV enterprise to attain an 8% EBIT revenue margin.
Ford on Thursday for the primary time detailed its funds for enterprise items together with EVs, which misplaced $2.1 billion final yr and are anticipated to lose as a lot as $three billion in 2023.
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