Ford announced a new EV initiative that will work together with SK Innovation, a giant EV battery creator. The company also confirmed that it would spend $11.4 billion on the latest program.
Ford Motor Company' logo is seen on the side of the building at the unveiling of their new electric F-150 Lightning outside of their headquarters in Dearborn, Michigan on May 19, 2021. - One day after winning an enthusiastic endorsement from President Joe Biden, Ford will officially preview the all-electric version of its best-selling F-150 truck on May 19, 2021.
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Thanks to the new electric vehicle plan, the giant automaker is expected to build new EV factories in Kentucky and Tennessee. These new facilities would help it produce more electric cars and the batteries that would run them.
Ford, Tesla, and other giant carmakers are currently making massive efforts to help various countries receive more electric cars. This rising technology trend is expected to phase out almost all traditional and hybrid models to reduce carbon emissions.
Ford EV Initiative Leads To More Factories
According to The Verge's latest report, the upcoming EV factory in Tennessee would be a massive building focusing on the production of Ford F-Series electric pickup trucks.
Ford vehicles are offered for sale at a dealership August 3, 2009 in Countryside, Illinois. With the help of the U.S. government's "Cash for Clunkers" program, Ford Motor Co. reported an increase of approximately 1.6 percent in U.S. sales for July in comparison to the same month last year. It has been almost two years since Ford has reported a U.S. sales increase.
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The new facility would also serve as an assembly division for F-Series batteries. On the other hand, twin factories would also be stationed in Kentucky, expected to develop advanced lithium-ion EV battery models. However, consumers would still need to wait a little longer as Ford's CEO Jim Farley said these new facilities would come online this coming 2025.
"This is a new Ford. This is show, not tell time," said the giant automaker's boss.
In other news, Michigan also announced its own EV charging station plan. On the other hand, California pushes for a zero-emission car industry this coming 2030.
All these innovations clearly show that companies, governments, and agencies are now focusing on enhancing the EV market.
Ford's Other EV Innovations
Aside from the upcoming EV factories in Kentucky and Tennessee, CNBC also reported that Ford recently signed a deal with Redwood Materials to create more efficient EV batteries.
The partnership is also expected to rely on recycling scrap material from battery manufacturing. This just shows that Ford clearly wants to produce its own electric cars in the cleanest way possible.
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Written by: Griffin Davis
