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Ford Motor, SK Innovation plan to invest USD11.4 billion to set up EV, battery plants in the US

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Ford’s investments are part of its more than USD30 billion investment plan allocated to EVs through 2025

Announcing its largest ever investment in the US in electric vehicles on 27 September, Ford Motor Company and its South Korean battery partner SK Innovation plans to invest USD11.4 billion in setting up production sites at Tennessee and Kentucky, creating nearly 11,000 new jobs.

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