Blue Oval City

Last updated
BlueOval City
Blue Oval City Logo.png
Blue Oval City
OperatedEstimated 2025
Location Haywood County near Stanton, Tennessee, United States
Coordinates 35°25′N89°25′W / 35.41°N 89.42°W / 35.41; -89.42
Products
Employees5,800 (estimated)
Area4,100 acres (1,700 ha)
Owner(s) Ford Motor Company

BlueOval City is a planned automotive assembly complex near Stanton, Tennessee that will be operated by Ford Motor Company and SK Innovation. It is expected to be operational in 2025. The facility takes its name from Ford's logo. It will primarily consist of an automotive assembly plant to produce electric pickup trucks and a plant to manufacture electric vehicle batteries, as well as a battery recycling facility, suppliers, and a training center. [1] [2]

Contents

The project is expected to cost $5.6 billion, making it the most expensive single investment in Tennessee history. It will employ approximately 5,800 people when complete. [1] [3]

History

The project was jointly announced by both companies on September 27, 2021. [1] A ceremony was held the following day at Shelby Farms in Memphis, providing further details of the project. [4] The facilities will be constructed at the 4,100-acre (1,700 ha) Memphis Regional Megasite, also known as the West Tennessee Megasite, which was designated as an industrial site in September 2009. [5]

The site is located in rural Haywood County near the town of Stanton, about 40 miles (64 km) east of Memphis. It is accessible from Interstate 40. [6] The state was initially expected to provide approximately $500 million worth of incentives that include infrastructure improvements, grants, and a new campus operated by the Tennessee College of Applied Technology (TCAT) to train workers for the plants. [7] The final cost ballooned to $884 million. [8]

In addition to BlueOval City, Ford and SK Innovation announced plans to construct twin battery plants in Glendale, Kentucky, called BlueOval SK. [9] [10]

See also

Related Research Articles

<span class="mw-page-title-main">Haywood County, Tennessee</span> County in Tennessee, United States

Haywood County is a county located in the U.S. state of Tennessee, in the region known as West Tennessee. As of the 2020 census, the population was 17,864. Its county seat and largest city is Brownsville. It is one of only two remaining counties in Tennessee, along with Shelby County, with a majority African-American population.

<span class="mw-page-title-main">Marshall, Michigan</span> City in Michigan, United States

Marshall is a city and the county seat of Calhoun County, Michigan. The population was 6,822 at the 2020 census.

<span class="mw-page-title-main">Stanton, Tennessee</span> Town in Tennessee, United States

Stanton is a town in Haywood County, Tennessee. The population was 615 as of the 2000 census and 452 at the 2010 census, showing a population decrease of 163.

<span class="mw-page-title-main">West Tennessee</span> Geographic and cultural region of Tennessee, United States

West Tennessee is one of the three Grand Divisions of Tennessee that roughly comprises the western quarter of the state. The region includes 21 counties between the Tennessee and Mississippi rivers, delineated by state law. Its geography consists primarily of flat lands with rich soil and vast floodplain areas of the Mississippi River. Of the three regions, West Tennessee is the most sharply defined geographically, and is the lowest-lying. It is both the least populous and smallest, in land area, of the three Grand Divisions. Its largest city is Memphis, the state's second most populous city.

Tata Motors Limited is an Indian Multinational automotive company, headquartered in Mumbai and part of the Tata Group. The company produces cars, trucks, vans, and busses.

<span class="mw-page-title-main">Glendale, Kentucky</span> Unincorporated community in Kentucky, United States

Glendale is an unincorporated community in Hardin County, Kentucky, United States. It is included in the Elizabethtown, Kentucky Metropolitan Statistical Area.

LG Chem Ltd., often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea. It was the 9th largest chemical company in the world by sales in 2021. It was first established as the Lucky Chemical Industrial Corporation, which manufactured cosmetics. It is now solely a business-to-business company.

<span class="mw-page-title-main">Electric car</span> Car propelled by an electric motor using energy stored in batteries

An electric car or electric vehicle (EV) is a passenger automobile that is propelled by an electric traction motor, using only energy stored in on-board batteries. Compared to conventional internal combustion engine (ICE) vehicles, electric cars are quieter, more responsive, have superior energy conversion efficiency and no exhaust emissions and lower overall vehicle emissions. The term "electric car" normally refers to plug-in electric vehicle, typically a battery electric vehicle (BEV), but broadly may also include plug-in hybrid electric vehicle (PHEV), range-extended electric vehicle (REEV) and fuel cell electric vehicle (FCEV).

<span class="mw-page-title-main">BYD Company</span> Chinese manufacturing company

BYD Company Limited or BYD is a publicly listed Chinese multinational conglomerate manufacturing company headquartered in Shenzhen, Guangdong, China. It was founded by Wang Chuanfu in February 1995. The company has several major subsidiaries: BYD Auto that produces vehicles, BYD Electronic that produces electronic parts and assembly and FinDreams companies that produces automotive components.

<span class="mw-page-title-main">Advanced Technology Vehicles Manufacturing Loan Program</span>

Advanced Technology Vehicles Manufacturing (ATVM) Loan Program is a $25 billion direct loan program funded by Congress in fall 2008 to provide debt capital to the U.S. automotive industry for the purpose of funding projects that help vehicles manufactured in the U.S. meet higher mileage requirements and lessen U.S. dependence on foreign oil. Of the 108 requests made, 5 were approved to receive $8.4 billion, with the majority of that amount under repayment.

<span class="mw-page-title-main">Economy of Tennessee</span>

The U.S. state of Tennessee contains a diverse economy that is made up of many sectors with a mix of industries including manufacturing, agriculture, healthcare, and tourism. The state is home to several major corporations, including FedEx, the largest courier company in the world, and AutoZone, the largest retailer of auto parts in the United States.

<span class="mw-page-title-main">Volkswagen Chattanooga Assembly Plant</span> Automotive assembly plant in Chattanooga, Tennessee, U.S.

The Volkswagen Chattanooga Assembly Plant is an American automobile assembly plant in Chattanooga, Tennessee. The plant was formally announced in July 2008 and was formally inaugurated in May 2011.

Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology and outdoor recreation company founded in 2009. Rivian produces an electric sport utility vehicle (SUV) and pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies. An electric delivery van, the Rivian EDV, is also being produced. Rivian started deliveries of its R1T pickup truck in late 2021. The company planned to build an exclusive charging network in the United States and Canada by the end of 2023.

<span class="mw-page-title-main">SK Innovation</span> South Korean energy and chemical company

SK Innovation Co., Ltd. is an intermediate holding company of SK Group engaged in petroleum, alternative energy, and oil exploration. It runs its business through eight major subsidiaries, including SK Energy, SK Geo Centric, SK On, SK Emmove, SK Incheon Petrochem, SK Trading International, SK IE Technology and SK Earthon.

South Africa is traditionally the leader in Africa of the automotive industry and now produces more than half a million automobiles annually of all types. While domestic development of trucks and military vehicles exists, cars built under license of foreign brands are the mainstay.

Contemporary Amperex Technology Co. Limited, abbreviated as CATL, is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems (BMS). It is currently the world leader in EV batteries, with a global market share of around 37% in 2023.

LG Energy Solution Ltd. is a battery company headquartered in Seoul, South Korea. LGES is one of the largest battery makers in the world alongside CATL, Panasonic, SK Innovation, and Samsung SDI.

The Greater Memphis Chamber is an organization in Memphis, Tennessee, which attempts to improve business to business relationships. The organization also helps companies understand the advantages of doing business in Memphis.

References

  1. 1 2 3 "Ford to invest $5.6 billion in Memphis-area Megasite to build electric vehicles and batteries". Memphis: WHBQ-TV. September 27, 2021. Archived from the original on September 28, 2021. Retrieved September 28, 2021.
  2. ↑ Round, Ian; Dries, Bill; Moore, Rob (September 27, 2021). "Ford, SK Innovation to invest $5.6B in Memphis Regional Megasite". The Daily Memphian. Archived from the original on September 27, 2021. Retrieved September 28, 2021.
  3. ↑ Round, Ian; Dries, Bill; Moore, Rob (September 27, 2021). "Ford, SK Innovation to invest $5.6B in Memphis Regional Megasite". The Daily Memphian. Archived from the original on September 27, 2021. Retrieved September 28, 2021.
  4. ↑ Moore, Rob (September 28, 2021). "Governor, execs celebrate Megasite news". The Daily Memphian. Archived from the original on October 7, 2021. Retrieved October 7, 2021.
  5. ↑ "Tennessee to funnel $52M more into Memphis megasite". Nashville: Associated Press. June 8, 2021. Archived from the original on October 7, 2021. Retrieved October 7, 2021.
  6. ↑ "Tennessee to funnel $52M more into Memphis megasite". Nashville: Associated Press. June 8, 2021. Archived from the original on October 7, 2021. Retrieved October 7, 2021.
  7. ↑ Sainz, Adrian (September 28, 2021). "Gov. Lee: $500 million incentive package for Ford factory". Archived from the original on October 7, 2021. Retrieved October 7, 2021.
  8. ↑ Grzelewski, Jordyn (October 20, 2021). "Tennessee legislature OKs $884M incentive package for Ford project". The Detroit News. Archived from the original on January 5, 2022. Retrieved January 5, 2022.
  9. ↑ Grzelewski, Jordyn; Beggin, Riley (September 27, 2021). "Ford, partner to spend $11.4B on four new plants in Tennessee, Kentucky to support EVs". The Detroit News . Archived from the original on October 7, 2021. Retrieved October 7, 2021.
  10. ↑ Gregg, Aaron; Siddiqui, Faiz (September 28, 2021). "Ford building massive electric vehicle and battery plants with $11.4 billion investment". The Washington Post . Archived from the original on September 28, 2021. Retrieved October 7, 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.