Loan Programs Office Announces $9.2B for Ford Battery Plants in Tenn., Ky.
Megafactory in Tennessee Will Provide Carbon-neutral ‘Closed-loop’ Manufacturing
Currently under construction, the Blue Oval plant in Kentucky will cover 2.3 square miles and is expected to start production in 2025. | Blue Oval SK
Jun 22, 2023
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DOE will loan Ford and Korean battery manufacturer SK On up to $9.2 billion to help them build huge factories in Kentucky and Tennessee for producing EV batteries.
