Ford’s BlueOval City electric vehicle and battery manufacturing campus in West Tennessee is slated to begin production in 2025. It will be home to Ford’s second-generation electric truck, codenamed Project T3, and will be able to produce 500,000 EV trucks a year at full capacity. production.
Ford
Ford Motor District The new plant being built outside of Memphis, Tennessee, will be able to build 500,000 electric vehicles per year in full production, the company said on Friday.
The first and only product to be announced so far for the “BlueOval City” plant is the next-generation electric truck, which Ford has named the “T3,” short for “TrustTheTruck.”
“Project T3 is the opportunity of a lifetime to revolutionize American trucks,” Ford CEO Jim Farley said in a release. “It will be a platform for innovation and limitless capabilities.”
Additional products using the company’s next-generation EV architecture could be produced alongside the truck, but a company spokesman declined to comment on future product plans for the plant.
Ford and South Korea-based battery supplier SK On are investing $5.6 billion in the BlueOval City campus, including a large battery cell factory. Production at the plant is on track to begin production in 2025, Ford said on Friday.
BlueOval City is an important part of Ford’s plan to produce 2 million EVs by 2026, which also targets the company’s Model e EV business to achieve an 8% EBIT profit.
Ford on Thursday for the first time detailed the finances for its business unit including EVs, which lost $2.1 billion last year and is expected to lose $3 billion in 2023.
