• Home
  • Features
  • USA: Ford’s aims to build 500,000 electric trucks a year with new Tennessee plant
Image

USA: Ford’s aims to build 500,000 electric trucks a year with new Tennessee plant

American multinational automobile manufacturer, Ford Motor Company is planning to manufacture up to 500,000 electric trucks a year at its BlueOval City complex under construction in western Tennessee, the automaker said on Friday.

BlueOval City will assemble several versions of Ford’s next-generation F-series electric pickup, which the company calls Project T3.

In an event Friday at the plant, Ford CEO Jim Farley said production will begin “in roughly 30 months” — the fall of 2025.

The Stanton plant northeast of Memphis is part of Ford’s plan to have global EV production capacity of 2 million vehicles a year in place by the end of 2026.

A video shown at the event described the new electric pickup as “the sequel to the F150 Lightning” that is currently built near Ford headquarters in Dearborn, Michigan, and is based on the standard combustion-engine F-series pickups.

Ford said BlueOval City will have a general assembly footprint that is 30% smaller than that of a traditional assembly plant, with a higher production capacity. Most current auto plants are designed to build 250,000-300,000 vehicles a year.

Releated Posts

PremierCredit partner with Airtel Money to offer Loans to customers

PremierCredit has partnered with Airtel Zambia PLC Mobile Commerce (Airtel Money) to provide loans to customers through the…

ByByInstinctBusinessMar 27, 2024

Tony Elumelu Foundation Empowers 20,000 African Entrepreneurs

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has…

ByByInstinctBusinessMar 27, 2024

Keabetswe Pheko-Moshagane, Managing Director of Absa Bank Botswana named InstinctBusiness Magazine CEO of the week

InstinctBusiness Magazine has announced the Managing Director of Absa Bank Botswana, Keabetswe Pheko-Moshagane as its CEO of the…

ByByInstinctBusinessMar 25, 2024

Lawrence Kimathi Emerges as InstinctBusiness CFO of the Week

Mr. Lawrence Kimathi, the Group Chief Finance Officer at KCB Group PLC, bringing a wealth of experience and…

ByByInstinctBusinessMar 25, 2024