Ford to invest $5.6 billion in Memphis Regional Megasite
NASHVILLE, Tenn. — Gov. Bill Lee says Ford Motors is bringing a big investment to the Memphis Regional Megasite.
Lee says the company is investing $5.6 billion to create a 3,600-acre mega campus called Blue Oval City.
The site will be used to produce the 2025 all-electric F-Series trucks, and will bring 5,800 new jobs in West Tennessee, according to the news release.
“West Tennessee is primed to deliver the workforce and quality of life needed to create the next great American success story with Ford Motor Company and SK Innovation,” Lee said. “This is a watershed moment for Tennesseans as we lead the future of the automotive industry and advanced manufacturing.”
“Tennessee is playing a key role in leading American advanced manufacturing, and we are thrilled to make this historic investment in West Tennessee to create Blue Oval City,” said Lisa Drake, Ford North America chief operating officer. “This once in a generation investment will create thousands of high-quality jobs and support America’s transition to electric vehicles. Tennessee will play a critical role as Ford continues to lead the electric vehicle revolution, tackle climate change, and create the jobs of tomorrow, and we look forward to working to create the future together.”
The release says the Blue Oval City will come with a Ford assembly plant, supplier park, and a battery manufacturing plant.
You can read the full news release here.
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