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The Center Square [By Jon Styf] –
A supplier will spend $790 million to build two facilities at Blue Oval City to supply Ford’s new electric truck factory, according to Tennessee’s Department of Economic and Community Development.
On Thursday morning, the new Magna 800,000-square-foot frame and battery enclosures facility and a 140,000-square-foot seating facility were announced along with a third facility for stamping and assembly in Lawrenceburg, Tennessee.
The announcement did not reveal how much Tennessee would be paying in incentives for the project. Those are expected in an online dashboard within 30 days of the announcement.
The Tennessee Legislature previously approved $884 million in incentives for Ford at the facility during a special session in October 2021.
In all, Magna is expected to employ 1,300 at the three facilities with 750 at the battery enclosure plant and 300 at the seating plant.
The plants are expected to be ready for production in 2025. The components will be used on production of the Ford F-150 Lightning trucks produced at the site. Ford is expected to be able to produce 500,000 electric trucks a year at full production.
“The $790 million investment from Magna will further shape the economic landscape of Lawrence and Haywood counties and strengthen the electric vehicle supply chain in Tennessee for years to come,” Commissioner Stuart C. McWhorter of the Economic and Community Development said in a statement.
The third site will be a 400,000-square-foot stamping and assembly plant with 250 employees that will produce truck frames in Lawrenceburg at the Team Lawrence Commerce Park – West.
About the Author: Jon Styf, The Center Square Staff Reporter – Jon Styf is an award-winning editor and reporter who has worked in Illinois, Texas, Wisconsin, Florida and Michigan in local newsrooms over the past 20 years, working for Shaw Media, Hearst and several other companies. Follow Jon on Twitter @JonStyf.
4 Responses
WE DO NOT WANT THESE COMMUNIST ELECTRIC JUNK CARS AND TRUCKS IN OUR STATE
A Tax payer hand out for vehicles no body wants or the infrastructure to support if the technology worked in the long term. Corporate Welfare laughing at TN. all the way to the Bank.
I believe that within ten years after these plants are up and running they will be shut down because of lack of interest for electric trucks. The technology is simply not there to compete against combustion engines. In private, Ford engineers will echo what I’ve just said.
These EV battery factories will pollute and kill. The EV vehicles are not friendly to the environment and many toxic minerals go into the making of these vehicles. These factories will pollute the water systems and affect all life around them.
No more than a money-making scam that cannot exist without taxpayer funded tax credits.
The MTBE in the gas was a scam. Ethanol in gas is a scam. The catalytic converter produces greenhouse gases.
Should there not be environmental impact studies on these factories and for them to be made public?
If Detroit is involved, it stinks.