Ford Refers BlueOval City As The 'Blueprint' For Its Electric Future; Says On Track With Construction

Ford Motor Co F plans to produce 500,000 electric vehicles a year at its BlueOval City campus under construction in west Tennessee.
The electric vehicle and battery manufacturing campus is expected to begin production in 2025 and will be home to Ford's second-generation electric truck, code named Project T3.
Ford's Project T3 aims to further grow and reinvent the Ford truck franchise.
Ford and partner SK On are investing $5.6 billion in the campus and creating approximately 6,000 new jobs.
BlueOval City is designed to be Ford's first carbon neutral vehicle manufacturing and battery campus.
"BlueOval City is the blueprint for Ford's electric future around the world," said executive chair Bill Ford.
"We will build revolutionary electric vehicles at an advanced manufacturing site that works in harmony with the planet, aligning business growth and innovation with environmental progress."
Price Action: F shares are trading lower by 1.23% at $11.28 in premarket on the last check Friday.
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