Ford Motor has set out plans to establish the industrial backbone of its emerging electric pick-up truck business, committing to spend $11bn alongside South Korea’s SK Innovation to build three plants to supply batteries and vehicles.
The units in the US states of Kentucky and Tennessee would employ almost 11,000 workers to produce battery-powered versions of Ford’s popular F-series trucks.
The automaker’s portion of the planned spending, $7bn, would be the largest investment Ford has made in manufacturing facilities in its 118-year history and totals just under a quarter of the $30bn that Ford has committed to spending on electrifying its fleet by 2025.
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