Ford, SK to spend $11.4B to build two US manufacturing campuses dedicated to EVs and batteries – TechCrunch
Ford Motor Firm and battery producer SK Innovation plan to spend $11.4 billion to construct two huge campuses in Tennessee and Kentucky that can produce batteries in addition to the following era of electrical F-Collection vehicles — a undertaking the businesses stated will create 11,000 new jobs.
Services on the 2 campuses are designed to cowl all the ecosystem of constructing an electrical car from battery cell manufacturing and recycling to a provider park and an meeting plant. Ford is contributing $7 billion to the undertaking, the biggest single manufacturing funding in its 118-year historical past. The funding is a part of Ford’s beforehand introduced plan to place $30 billion towards electrical autos by 2025.
The automaker additionally stated it can spend $525 million over the following 5 years on high-tech job coaching throughout the US, beginning in Texas. The funding will deal with coaching auto technicians to assist Ford’s coming onslaught of electrical and related autos.
Ford’s “mega campus” plans — the primary amenities that the automaker has constructed in a era — are supposed to assist its rising portfolio of EVs, together with the Mustang Mach-E, the Ford E-Transit cargo van and the upcoming F-150 Lightning pickup truck, which has already acquired greater than 150,000 pre-orders from clients. It’s additionally a part of the corporate’s technique to drive down battery prices to the $80 per kilowatt-hour pack degree.
“The timing of those investments is essential as a result of we see a crucial mass for a transition to battery electrical autos proper on the horizon,” Lisa Drake, Ford’s chief working officer in North America, stated in a media briefing Monday. “And we’ve already seen proof of that within the business and now from our personal current product launches.”
And Ford is bullish on the demand for EVs. The corporate predicts that one-third of the full-size pickup phase will likely be absolutely electrical by 2030, Drake famous.
Monday’s announcement follows a string of deliberate investments by Ford, together with an injection of $250 million and 450 new jobs to extend manufacturing capability of its upcoming F-150 Lightning to 80,000 all-electric vehicles yearly. These funds and jobs will likely be unfold out throughout its Rouge Electrical Automobile Heart in Dearborn, Michigan, Van Dyke Electrical Powertrain Heart and Rawsonville Parts Plant, Ford stated.
It additionally comes lower than per week since Ford introduced plans to partner with Redwood Materials to create a closed loop system that can cowl recycling manufacturing scrap and EVs on the finish of their life in addition to supplying the automaker with uncooked battery supplies. Securing a provide of batteries — or the supplies to make them — has prompted the automotive business to accomplice with cell producers and more and more flip to firms like Redwood Supplies.
Drake supplied extra particulars about that partnership Monday, noting that Redwood Supplies will arrange a recycling facility on its so-called Blue Oval Metropolis campus close to Memphis, Tennessee.
As soon as accomplished. the $5.6 billion campus in Stanton, Tennessee will rival the scale and inhabitants of a small village. The three,600-acre campus, or practically 6 sq. miles, will likely be designed as a closed loop manufacturing middle. Which means supplies utilized in manufacturing could be reused to make new EVs.
The campus could have a battery manufacturing facility operated in partnership with SK, a provider park and an meeting plant devoted to electrical F-Collection vehicles. The battery manufacturing facility will be capable to produce 43 gigawatt hours of cell capability. Ford stated the meeting plant will likely be designed to be carbon impartial from the beginning of manufacturing in 2025.
Ford stated it can construct twin battery crops on the campus positioned within the central Kentucky city of Glendale. Batteries produced on the crops will likely be utilized in a brand new lineup of Ford and Lincoln electrical autos later this decade. Manufacturing of the lithium-ion batteries is predicted to start in 2025.
The 1,500-acre battery campus, which Ford is looking BlueOvalSK Battery Park, will price about $5.8 billion and make use of 5,000 folks. The dual battery crops will likely be able to producing as much as 43 gigawatt hours every for a complete of 86 gigawatt hours yearly. Including within the third battery cell plant in Tennessee will push the full capability as much as 129 GWh, based on Yoosuk Kim, govt vice chairman and international head of promoting at SK.
In all, that’s sufficient capability to energy over 1 million electrical autos, Drake stated.
Ford has beforehand stated that its international plans for battery electrical car requires no less than 240 gigawatt hours of battery cell capability by 2030. That’s roughly 10 crops’ price of capability. Ford has beforehand stated that 140 GWh will likely be required in North America, with the stability devoted to different areas, together with Europe and China.
https://techcrunch.com/2021/09/27/ford-sk-to-spend-11-4b-to-build-two-us-manufacturing-campuses-dedicated-to-evs-and-batteries/ | Ford, SK to spend $11.4B to construct two US manufacturing campuses devoted to EVs and batteries – TechCrunch