Ford Motor said on Friday (24th) that it is building a new plant outside Memphis, Tennessee, USA.

(taken from the Internet)

[Financial Channel/Comprehensive Report] Ford Motor said on Friday (24th) that the new factory under construction outside Memphis, Tennessee, USA, will be able to produce 500,000 electric vehicles per year after full production in the future.

The BlueOval City plant is Ford's first and only manufacturing center for next-generation electric trucks, code-named T3 by Ford, short for Trust The Truck.

Ford CEO said in a press release on Friday (24th) that the T3 project is a once-in-a-lifetime opportunity to revolutionize American trucks, which will be a platform of unlimited innovation and capability.

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Ford and South Korea-based battery supplier SK On are investing $5.6 billion in the BlueOval City campus, which includes a large battery factory.

Ford said the plants are expected to start production in 2025.

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