This is not in our primary target market, but it is BIG news for the State of Tennessee in terms of its goal to be the nation’s leader in electric vehicle production and the corresponding supply chain, both of which involve new, innovative technologies. It is also really great news for the long dormant Memphis Regional Megasite.
In an announcement late yesterday, Governor Bill Lee said that Ford Motor Company has selected the site for one of the largest battery and vehicle manufacturing campuses in the U.S. In partnership with Korean battery manufacturer SK Innovation, the two corporations will invest $5.6 billion to build a 3,600-acre mega campus called Blue Oval City, where production of next generation all-electric F-Series trucks will begin in 2025. The project will result in the creation of 5,800 new jobs in West Tennessee.
Blue Oval City will be designed to be the largest, most advanced and most efficient automotive production campus in Ford’s history. The campus will include the Ford assembly plant, a supplier park and a battery manufacturing plant operated by BlueOvalSK which is a joint venture between Ford and SK Innovation. The site will become a vertically integrated ecosystem with key suppliers and battery manufacturing on the same campus where Ford will assemble next generation all-electric F-Series trucks.
BTW, for what it is worth, the Memphis Regional Megasite is not in Memphis or even Shelby County. It is is Haywood County whose county seat is Brownsville which is between Jackson and Memphis.