Ford Motor Company and SK Innovation Announce Largest Economic Development Project in Kentucky History, Creating 5,000 Jobs

On Monday, Ford Motor Company and SK Innovation announced plans to invest $ 5.8 billion in Kentucky to build two electric battery factories, which will create 5,000 new jobs. This announcement marks the largest economic development project in Kentucky history.

The two factories, which will be located in Hardin County’s BlueOvalSK battery farm, will manufacture advanced lithium-ion batteries for North American assembly plants making Ford and Lincoln electric vehicles. Production is expected to start in 2025.

Ford has been a major investor in Kentucky since 1913 and currently employs approximately 13,000 direct workers between the Louisville Assembly Plant and the Kentucky Truck Plant in Louisville. Overall, the company has helped create jobs for around 120,000 Kentuckians.

In response to the announcement, Kentucky Chamber President and CEO Ashli ​​Watts issued the following statement:

“We are delighted to see a crucial Kentucky Chamber company like Ford expand its investment in the Commonwealth. This announcement will bring the jobs of the future and further strengthen Kentucky’s role as a leader in automotive manufacturing. The Chamber thanks the Governor and the General Assembly for recognizing the importance of this investment.

“Ford is very pleased to make this historic investment in the great state of Kentucky,” said Lisa Drake, Ford North America COO. “Kentucky has been an incredible Ford partner for over 100 years and is home to the Louisville Assembly Plant and the Kentucky Truck Plant. With this announcement, Kentucky will play a pivotal role as Ford fulfills its commitment to lead the electric vehicle revolution and create thousands of jobs in the Commonwealth, and we look forward to working with Kentuckians to create the future together. . “

“We thank Ford Motor Co. and SK Innovation for their investment in Team Kentucky,” said Governor Andy Beshear. “This is the largest investment in the history of our state, and this project strengthens our leadership role in the future of the automotive industry. It will transform our economy, creating a better Kentucky with more opportunities for our families for generations. Our economy is on fire – and now it’s electric. We will never again be considered a state of overflight. Our time is now. Our future is now.

Ford is a key investor in the Kentucky Chamber, and the company’s regional director of government affairs, Gabby Bruno, is a member of the Chamber’s board of directors.

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