We discovered then that Ford would keep the Kentucky plant and SK On gets the one in Tennessee, which would concentrate on the energy storage organization rather. Now, we understand that something comparable will take place at the Kentucky plant– Ford states it’s investing $2 billion to transform the factory to make prismatic lithium iron phosphate (LFP) cells.

Those aren’t predestined for EVs, however they are the favored cell format for information centers, Ford states. The business states that it will bring the factory online in the next 18 months, reaching a yearly output of 20 GWh.

Other Ford plants are likewise being repurposed. Without any full-size BEV pickup in the item strategies, the assembly plant in Tennessee that was to produce it– the one near the battery factory that SK On is keeping– will rather construct brand-new gas-powered trucks, although not for another 4 years. Around that very same time, its Ohio assembly plant will start developing brand-new industrial automobiles.

All of this will affect Ford’s bottom line, to the tune of $19.5 billion over the next couple of years, $5.5 billion of which will remain in money. The majority of that will strike in the last quarter of 2025, however will extend till 2027, Ford stated.