![]() ![]() “To ensure the availability of skilled labor for construction, BOSK is constructing the projects under project labor agreements. “(BlueOval SK) is actively engaging with local stakeholders to develop a diverse local workforce and network of suppliers,” the news release stated. The two companies hold equal ownership in the venture. Ford and SK are also partners on a $5.8 billion electric battery project that includes two plants in Glendale, Kentucky. ![]() “BlueOval SK will use this loan to its fullest as we create 7,500 good American jobs, strengthen critical domestic supply chains, and produce high-quality batteries for future Ford and Lincoln electric vehicles here in Tennessee and Kentucky.”īlueOval SK’s three plants are expected to create a total of approximately 5,000 constructions jobs in Tennessee and Kentucky, as well as 7,500 operations jobs once the plants are up and running. In Tennessee, the battery plant will have about 2,500 employees, while the electric vehicle plant will have about 3,300 employees.īlueOval SK is part of the future $5.6 billion BlueOval City project in Stanton, about 40 miles northeast of Memphis. “We’re thrilled the Department of Energy joins BlueOval SK in our vision to electrify the future of mobility,” BlueOval SK CEO Robert Rhee said in a statement. The Department of Energy called the loan the largest single federal investment ever made in the automotive industry, according to a news release on the announcement. and South Korean company SK On finalized the BlueOval SK joint venture in 2022 to produce batteries for future Ford and Lincoln electric vehicles at the three plants. Department of Energy Loan Programs Office granted a conditional commitment loan of up to $9.2 billion for BlueOval SK to support its construction of three electric vehicle battery plants in Kentucky and Tennessee - including one in Stanton.įord Motor Co. View Gallery: BlueOval City: Construction, progress on Ford's mega site in Tennessee ![]()
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