Ford plans to build 500,000 EVs annually at its $5.6 billion Tennessee campus

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Ford plans to build 500,000 EVs annually at its $5.6 billion Tennessee campus
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The first and only product to be announced thus far for the plant is a next-generation electric truck, which Ford has codenamed 'T3,' short for 'TrustTheTruck.'

Ford's new plant being constructed outside Memphis, Tennessee, will be capable of building 500,000 electric vehicles annually at full production, the company said Friday.

Ford and battery supplier SK On are investing $5.6 billion in BlueOval City, which is on track to begin production in 2025, Ford said Friday.Ford's BlueOval City electric vehicle and battery manufacturing campus in West Tennessee is scheduled to begin production in 2025. It will be home to Ford's second-generation electric truck, code named Project T3, and will be capable of producing 500,000 EV trucks a year at full production.

"Project T3 is a once in-a-lifetime opportunity to revolutionize America's truck," Ford CEO Jim Farley said Friday in a release. "It will be a platform for endless innovation and capability."

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