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December 4, 2024
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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.
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
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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.  
Battery Electric VehiclesCompany NewsDepartment of Energy