Toyota's under-construction battery plant in North Carolina is now an almost $6B project with new funds, while Ford BlueOval plants in Tennessee and Kentucky are boosted by a $9.2-billion U.S. Energy Dept. conditional loan, its largest ever single investment.
Electric Mustangs are set to use factory's first in the U.S. lithium iron phosphate batteries, which are more durable with less high-cost materials, automaker says, despite lawmaker concerns about the China link.
Ford Motor Co. and contractor Devin Industrial Group have already begun construction on a $700-million, 500,000-sq-ft gas-electric hybrid Ford F-150 manufacturing plant at the company's 100-year-old Rouge Center in Dearborn, Mich. The first trucks are expected to come off the line by late 2021.