BlueOval SK receives $9.63B to build 3 battery manufacturing plants in Tennessee and Kentucky
BlueOval SK LLC (BOSK) has announced the closing of a direct loan with the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO). The company, a joint venture between Ford Motor Company and SK On that was created to supply Ford with batteries for its growing electric vehicle (EV) product line, will receive up to $9.63 billion to aid in the construction of up to three manufacturing plants. The new facilities, which will be located in Tennessee and Kentucky, will produce batteries for Ford Motor Company’s future Ford and Lincoln EVs. According to the company, the three plants will enable more than 120 gigawatt hours of U.S. battery production annually, and the project will create 7,500 new jobs for the surrounding areas.
DOE in the news
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Manufacturers investing in Tennessee
Petainer invests $10M to expand manufacturing operations in Tennessee
The expansion will more than double the company’s headcount statewide.
Metal manufacturer invests $8.5M to open production plant in Tennessee
The plant will support medium- to heavy-gauge steel fabrication, including steel plate burning, machining, shot blasting and flattening.
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This will be the company’s sixth facility in the state.
Manufacturers investing in Kentucky
Toyota invests $922M to build advanced paint facility in Kentucky
The plant will add 1 million square-feet of capacity while simultaneously helping the company cut carbon emissions by 30% and water usage by 1.5 million gallons per year.
Greenville Manufacturing Kentucky invests $16.2M to open new production facility in Kentucky
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L2 Aviation invests $12.2M to establish manufacturing operations in Kentucky
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Investing in American manufacturing in 2025
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.