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: 2023
Project Launch Year: 2025
Government Support Received: Federal Grant [Battery Materials Processing and Battery Manufacturing and Recycling Grants program (BIL)] for $150,000,000
Outcomes & Impacts
Private Investment: $790,000,000
Jobs Announced or Created: 1,300
People Served: Unknown
Projected Economic Impact: Unknown
Tennessee Gov. Bill Lee and Department of Economic and Community Development Commissioner Stuart C. McWhorter announced today that Magna will invest more than $790 million to build the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton, Tennessee. In addition to the two West Tennessee locations, Magna will also build a stamping and assembly facility in Lawrenceburg, Tennessee. Combined, Magna will create approximately 1,300 new jobs in Tennessee.
Ford’s on-site supplier park will allow for vertical integration that helps ensure efficient production at BlueOval City, which will be capable of producing 500,000 electric trucks a year at full production. Magna will supply Ford’s BlueOval City with battery enclosures, truck frames and seats for the automaker’s second-generation electric truck.
Magna’s two facilities at BlueOval City supplier park include a new 800,000-square-foot frame and battery enclosures facility and a 140,000-square-foot seating facility.