Ford and SK Innovation to spend $11 billion, create 11,000 jobs on new U.S. EV and battery plants

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Rendering of Ford's $5.6 billion "Blue Oval City" campus in Tennessee. The site is expected to include a supplier park, battery production facility and a new assembly plant for electric F-Series trucks.FordDETROIT – Ford Motor and battery supplier SK Innovation plan to invest more than $11.4 billion in new U.S. facilities that will create nearly 11,000 jobs to produce electric vehicles and batteries.Ford is building twin lithium-ion battery plants in central Kentucky through a joint venture with South Korea-based SK called BlueOvalSK as well as a massive 3,600-acre campus in west Tennessee, the automaker said Monday night. The campus will include another a battery plant built with SK along with a supplier park, recycling center and a new assembly plant for electric F-Series trucks, Ford CEO Jim Farley told CNBC.The plans are the latest of Ford's to increase development and production of electric vehicles — including batteries — under Farley, who began leading the automak
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