MEMPHIS – Monday was a historic day for Tennessee as Ford Motor Company and SK Innovation announced their selection of the Memphis Regional Megasite for one of the largest battery and vehicle manufacturing campuses in the U.S.
Ford and SK Innovation will invest $5.6 billion to build a 3,600-acre mega campus called Blue Oval City on the Memphis Regional Megasite, 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.
“The ripple effect resulting from these projects will be transformational for our state, especially West Tennessee, and we are most grateful for this enormous investment and the addition of two top global brands,” said TNECD Commissioner Bob Rolfe. “To have such a world-renowned, American company land as our first tenant at the Memphis Regional Megasite underscores the site’s strength and potential for additional joint venture partners and suppliers.”
The project is anticipated to generate more than 27,000 new jobs, both directly and indirectly, to support the site’s operations. This will result in more than $1.02 billion in annual earnings.