Ford announces $11.4-bn investment in EV plants

Ford Motor and South Korea’s SK Innovation plan to spend $11.4 billion to construct three battery factories and an assembly plant for electric F-series pickup trucks in Tennessee and Kentucky, the biggest investment in the US automaker’s history. The project will create two vast sites to produce electric vehicles and the batteries to power them, employing nearly 11,000 workers, the companies said. Ford is spending $7 billion, while battery partner SK is kicking in $4.4 billion. They begin to come online in 2025.