In Kentucky, an electric vehicle (EV) ecosystem is taking shape, while traditional industries maintain roots in the Bluegrass State.
Dozens of entries flooded our in-boxes promoting industry projects for the coveted Business Facilities’ Deal of the Year: For 2021, Ford and SK Innovation in West Tennessee landed the Gold.
New and existing Kentucky companies announced the creation 18,000 full-time jobs, $11.2 billion in investment in 2021.
Ford and SK Innovation will invest $11.4B and create 11,000 jobs in TN and KY to produce electric vehicles and advanced lithium-ion batteries. Plus, $90M will go to Texas for training.
Commerce, GA will be the home of SK Innovation’s lithium battery plant, which will build advanced batteries for hybrid and fully electric vehicles for VW and other OEMs.
In the largest single investment and job-creating project in Georgia’s history, the South Korean lithium-ion battery maker will create 2,000 jobs in Jackson County.