Magna Announces Three Extra BEV Focused Supply Facilities
Tier 1 automotive supplier, Magna, plans to invest $790M building to build three new BEV focused facilities with two of them at Ford’s BlueOval City campus in Tennessee.
These two Ford-based facilities will support production of the automaker’s second-generation electric trucks, Reuters reports. One the Ford sites will make battery enclosures for the truck and a second will make polyurethane foam and seats.
Ford in March said it plans to build up to 500,000 electric trucks a year at the BlueOval City complex currently under construction. The complex will assemble several versions of Ford’s next-generation F-series electric pickup, which the company calls Project T3. In May, it also unveiled a strategy to profitably ramp up BEV sales despite facing a challenging act of slashing $7Bn in costs.
The third supplies facility in Lawrenceburg will produce vehicle frames, the Magna said. Production at all three plants is scheduled to begin in 2025. The investment is expected to create up to 1,300 jobs.
— Paul Myles is a seasoned automotive journalist based in Europe. Follow him on Twitter @Paulmyles_ and Threads
