Project Traits
State: Tennessee
Congressional District: TN08
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Transportation,
Energy Subsector: EV Batteries,
Project Start Year: 2021
Project Launch Year: 2025
Government Support Received: State Grant [Enhanced State Incentive] for $500,000,000
Outcomes & Impacts
Private Investment: $5,600,000,000
Jobs Announced or Created: 59,000
People Served: Unknown
Projected Economic Impact: $3,500,000,000
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.
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, Ford and SK Innovation’s joint venture. 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.
In addition to the multi-billion dollar investment from Ford, the State of Tennessee intends to offer an enhanced incentive totaling more than $500 million for successful completion of the project. Economic analysis projects the Ford buildout of the Memphis Regional Megasite will result in significant job and gross state product gains. The Center for Economic Research, a division of the Tennessee Department of Economic and Community Development projected the following: