Ford late Monday announced plans to spend $11.4 billion with a South Korean partner to build three major electric vehicle batter factories in Kentucky and Tennessee by 2025, plus a plant to build electric F-Series pickups at the Tennessee site. All together, the new factories will create an estimated 10,800 jobs, "mark the single largest manufacturing investment the 118-year-old company has ever made, and are among the largest factory outlays in the world," The Associated Press reports.
Ford and its battery cell partner, South Korea's SK Innovation, will officially announce the initiatives on Tuesday alongside the governors of Kentucky and Tennessee and United Auto Workers president Ray Curry.
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