Ford to invest $5.6 billion in Memphis-area Megasite to build electric vehicles and batteries

MEMPHIS, Tenn. — Ford Motor Company has selected the Memphis Regional Megasite for one of the largest battery and vehicle manufacturing campuses in the U.S., Gov. Bill Lee announced Monday.

The company will bring 5,800 new jobs and invest $5.6 billion to build a 3,600-acre mega campus to build electric vehicles and batteries.

The mega campus will be called “Blue Oval City” and will be located in Stanton, Tennessee.

Gov. Lee and leaders will join executives from Ford Motor Company and SK Innovation in Memphis on Tuesday to share more details about the multi-year project.

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“West Tennessee is primed to deliver the workforce and quality of life needed to create the next great American success story with Ford Motor Company and SK Innovation,” said Gov. Lee. “This is a watershed moment for Tennesseans as we lead the future of the automotive industry and advanced manufacturing.”

“Tennessee is playing a key role in leading American advanced manufacturing, and we are thrilled to make this historic investment in West Tennessee to create Blue Oval City,” said Lisa Drake, Ford North America chief operating officer. “This once in a generation investment will create thousands of high-quality jobs and support America’s transition to electric vehicles. Tennessee will play a critical role as Ford continues to lead the electric vehicle revolution, tackle climate change, and create the jobs of tomorrow, and we look forward to working to create the future together.”

The Greater Memphis Chamber played a key role on the team that landed the project, codenamed Project Aurora, showcasing the importance of the Chamber’s data-driven approach to growth.

“I am elated about this monumental investment in West Tennessee,” said Beverly Robertson, president and CEO of the Greater Memphis Chamber. “Memphis and Ford have a history together. Back in 1913, Ford produced wooden wheels and body foundations for Model T Fords in Memphis. Now — 108 years later — they’re returning to transform the Memphis market and make eco-friendly, carbon-neutral manufacturing the gold standard of the automotive industry.”

A number of Tennessee political leaders also reacted to the announcement.

“This is tremendous news for the Shelby County suburbs, for Memphis, and for all of West Tennessee. It will have a huge economic impact on our region. These are high tech jobs, and the state remains committed to providing the skilled workforce necessary to draw new industries to locate here. Many of us in the legislature have worked for many years to promote the Memphis Megasite, and I’m thrilled to see Governor Lee bring this dream to reality,” said state Sen. Brian Kelsey (R-Germantown).

House Democratic Leader Karen Camper released the following statement about Ford’s expansion:

“I am overjoyed that the Ford Motor Company has selected our state to be a major part of the electric car revolution.  My thoughts go to my many colleagues in the legislature and throughout various administrations who had the vision to appropriate funds and develop this parcel of land in West Tennessee for just such an opportunity.  We were tenacious and had faith that this day would arrive. The Memphis megasite has attracted the right tenant at the right time and I want to thank everyone throughout the years who worked to make this possible.

Good jobs are key to a strong society.  The investment that Ford is making in our communities and in our state will be a partnership that will strengthen our state for decades to come. While the more than 5,000 new jobs and the estimated economic growth worth billions will be transformative for the area…it’s equally important that this is a project that is forward-looking both for the people of the region and for the health of the planet. Electric vehicles are the future.  Today’s announcement shows the world that Tennesseans are ready to work to make that future a reality.”