Ford and SK Innovation to spend $11 billion, create 11,000 jobs on new U.S. EV and battery plants
KEY POINTS The investment includes two lithium-ion battery plants in central Kentucky and a 3,600-acre campus in west Tennessee called Blue Oval City. The plans bolster President Joe Biden’s call for companies to onshore supply chains amid a global shortage of semiconductor chips that has disrupted several industries, including automotive.
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