American carmaker Ford on Monday evening announced with its South Korean partner SK Innovation that it will set up four battery and electric vehicle factories in the United States with 11,000 jobs by 2025.
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Ford said in a statement that the factories will be located in Kentucky and Tennessee.
American Group will invest $ 7 billion, part of the $ 30 billion announced earlier this year, and SK Innovation will invest the rest.
“We are announcing the largest investment in new manufacturing facilities in Ford’s 118-year history,” the group said.
Ford also emphasized that the investment would support the company’s long-term goal of “creating a sustainable American-made ecosystem and accelerating its progress toward carbon neutrality (…) in line with the Paris Agreement on the Climate.”
Ford has revised its electric fleet targets, as it now expects to be fully electric by 2030, up from the 40% expected in the spring by 2030.
“This will lead to the American transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing,” Ford Executive Chairman Bill Ford said in a statement.
“In the spirit of this investment and innovation, we can achieve goals that were once unsuitable – to save our planet, to build the great electric vehicles that Americans love, and to help our country grow,” he said.
The news comes amid strong demand for the new F-150 Lightning pickup vehicle and other electric models such as the E-Transit and Mustang Mac-E.
Ford General Manager Jim Farley said, “We are now trying to provide revolutionary electric vehicles to many people.”
Joe chose a theme that was dear to Biden, and finally mentioned that it was about creating “good jobs that support American families.”