Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Rendering of Ford's Blue Oval City manufacturing complex planned for Tennessee. Image: Ford

Ford is making a historic investment in electric vehicle manufacturing with an $11.4 billion plan to build a new EV assembly plant and at least three battery factories, employing nearly 11,000 people.

Why it matters: The plan is an all-in bet on the biggest transformation of the auto industry since the dawn of the horseless carriage more than a century ago.

The big picture: Ford says its plan is the company's largest single manufacturing investment in its 118-year history and the first step in creating a sustainable U.S. supply chain for electric vehicles.

  • The vision could also seal the legacy of Bill Ford, the 64-year-old great-grandson of Henry Ford.

Details: Ford is planning a 3,600-acre "mega campus" in Stanton, Tennessee, about 50 miles northeast of Memphis.

  • The complex, dubbed Blue Oval City, will be "the largest, most advanced, and efficient facility in Ford’s history," the company says.
  • It will include a battery plant and related supplier facilities as well as a new vehicle assembly plant, where Ford plans to expand production of electric F-series pickup trucks.

In Kentucky, Ford will build twin battery plants in a new complex called BlueOvalSK Battery Park about 50 miles south of Louisville.

  • It is a joint venture with Ford's South Korean battery partner, SK Innovation.
  • Production of advanced lithium-ion batteries will begin in 2025, to power future Ford and Lincoln EVs.

Context: Ford had been laying the groundwork for Monday's news in a string of recent EV-related announcements.

  • The automaker said last week it will partner with battery recycling company Redwood Materials on a domestic supply chain for electric vehicle batteries that relies on closed-loop recycling.
  • Redwood will likely build a recycling and processing facility on the Blue Oval City campus, but those details have yet to be shared.
  • Ford also said recently it is investing $250 million in Michigan to boost production of its upcoming F-150 Lightning electric pickup to meet soaring demand.

For the time being, at least, Ford — like other automakers — will have to continue importing battery cells and raw materials from Asia, where most battery production is based. But eventually, it aims to create a so-called "circular supply chain" in the U.S. through recycling.

  • "If there’s anything we've learned from the chip shortage, it's that we need to have a U.S. supply of battery materials," said Lisa Drake, chief operating officer for North America.

What to watch: Blue Oval City will be carbon-neutral, Ford says. The facility will use solar power and technologies that conserve energy and water, as well as processes to capture scrap materials for recycling or processing.

Of note: Ford's rival, General Motors, is also investing heavily in battery manufacturing to support its aggressive rollout of EVs.

  • With its partner LG Energy Solutions, GM is building two giant battery factories in Ohio and Tennessee.

Go deeper

Oct 19, 2021 - Axios Twin Cities

Minnesota car dealership gets the John Oliver treatment

Steve Johnson of Zumbrota Ford played along with John Oliver. Image: "Last Week Tonight"

John Oliver's team at "Last Week Tonight" wrote a TV commercial for the Zumbrota Ford dealership, located between the Twin Cities and Rochester.

Quick take: It's funny and the Minnesota accents are thick.

2 hours ago - Health

FDA authorizes mix-and-match for COVID booster shots

Photo: Francine Orr/Los Angeles Times via Getty Images

The Food and Drugs Administration (FDA) on Wednesday gave its approval for Americans to get booster shots that are different from the COVID vaccine they initially received.

Why it matters: The recommendation from the FDA, which also authorized booster shots for people who received Moderna and Johnson & Johnson vaccines on Wednesday, paves the way for an expansion of booster shots.

GOP congressman forfeits committee seats after indictment

Rep. Jeff Fortenberry. Photo: Al Drago/Bloomberg via Getty Images

Rep. Jeff Fortenberry (R-Neb.) on Wednesday stepped down from his committee assignments after being indicted for lying to federal investigators amid a probe into illegal campaign donations.

What they're saying: In a letter to House Speaker Nancy Pelosi, Fortenberry said he is "grateful for the outpouring of support from my friends and colleagues as we work against the injustice confronting me."