Ford to build next-gen EV truck at $5.6B factory in 2025

Ford said Friday that its $5.6 billion BlueOval City complex outside of Memphis, Tennessee will include a truck plant capable of producing 500,000 electric vehicles a year.

The first vehicle to come off the line will be a next-gen electric truck, code named Project T3, in 2025.

Construction at BlueOval City, the epicenter for its future EV and battery cell manufacturing and a key component toward its goal to sell 2 million EVs annually by late 2026, began last fall.

“BlueOval City is the blueprint for Ford’s electric future around the world,” Bill Ford, Ford’s executive chair, said in a statement. “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.”