Ford Motor Co. has plans to build a $3.5 billion factory, BlueOval Battery Park Michigan, in Michigan. It will add a second battery technology to Ford’s electric vehicle (EV) lineup.
The new factory will employ 2,500 people when production of LFP batteries begins in 2026.
With this $3.5 billion investment, Ford and its battery tech collaborators have announced $17.6 billion in investments in electric vehicle and battery production in the United States since 2019 as part of the company’s commitment to invest over $50 billion in electric vehicles globally through 2026. In the next three years, these investments will lead to more than 18,000 direct jobs in Michigan, Kentucky, Tennessee, Ohio and Missouri and more than 100,000 indirect jobs, according to the methodology from a 2020 independent study.
As the company rapidly scales EV production, introducing LFP batteries allows Ford to produce more electric vehicles and offer more choices to new EV customers, and