Ford Motor Co. announced plans to invest $3.7 billion and add more than 6,200 new union manufacturing jobs in Michigan, Missouri and Ohio. The company will also convert nearly 3,000 temporary UAW-Ford workers to permanent full-time status. These actions are part of the company’s Ford+ growth strategy and include plans for an all-new global Mustang coupe and Ranger pickup for North America, as well as an all-new electric commercial vehicle for Ford Pro customers.
Stellantis N.V. and Samsung SDI will invest over $2.5 billion to establish an electric-vehicle (EV) battery manufacturing facility in Kokomo, Ind. The project will create 1,400 new jobs in Kokomo and the surrounding areas. Targeted to start up in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt hours (GWh), with a goal to increase to 33 GWh in the next few years. The facility will supply battery modules for a range of vehicles produced at Stellantis’ North American assembly plants. Plant construction activities are scheduled to begin later this year with production operations planned to launch in the first quarter of 2025.
Hyundai Motor Group (HMG) is increasing its investment to more than $10 billion in the United States by 2025 to further its goal to lead sustainable and smart mobility solutions. The group’s investment plans are designed to accelerate innovation and mobility electrification. The move supports carbon-neutrality goals with new technologies and contributes to manufacturing in the United States. As part of the investment, HMG announced a $5.54 billion plan to establish its first dedicated EV and battery manufacturing facility in Georgia to build a range of electric vehicles. The plant, located on 2,923 acres in Bryan County, will break ground in early 2023 and is expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units.
MP Materials Corp. began construction of its first rare-earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas. The factory is a substantial component of a $700 million investment the company will make over the next two years to restore the U.S. rare-earth magnetics supply chain. The project will create around 150 high-skill jobs and 1,300 indirect jobs. MP Materials’ Fort Worth facility will have the capacity to produce approximately 1,000 metric tons of neodymium-iron-boron (NdFeB) magnets per year, supporting the production of approximately 500,000 EV traction motors. In addition to EVs, NdFeB magnets are critical inputs to robots, wind turbines, drones, defense systems and many other high-growth technologies.
Air Products will build, own and operate a 10-metric-ton/day facility to produce green liquid hydrogen in Casa Grande, Ariz. The zero-carbon liquid hydrogen facility is expected to be on-stream in 2023. Its product will be sold to the hydrogen-for-mobility market in California and other locations requiring zero-carbon hydrogen. The facility will use two Thyssenkrupp nucera electrolyzers to produce gaseous hydrogen, which will be converted to liquid hydrogen using Air Products’ proprietary technology.
General Motors Co. will invest more than $7 billion in four Michigan manufacturing sites. The investment will create 4,000 new jobs, retain 1,000 and significantly increase battery-cell and electric-truck manufacturing capacity. The single largest investment in GM history includes construction of a new Ultium Cells battery cell plant in Lansing and the conversion of GM’s assembly plant in Orion Township for production of the Chevrolet Silverado EV and the electric GMC Sierra.
Ford Motor Company announced plans to bring electric vehicles (EVs) at scale to American customers with two new environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. The company, together with its partner SK Innovation, plans to invest $11.4 billion and create nearly 11,000 new jobs at the Tennessee and Kentucky mega-sites.
JPW Industrial Ovens & Furnaces has been designing and manufacturing industrial ovens for start-up companies in the electric vehicle (EV) industry for several years. However, requests have been more frequent and more specific as of late. President Mike Jameson believes he knows the reason.
“Mainstream automakers from around the globe are noticing that electric vehicles are the future,” Jameson said. “While the smaller start-ups have been researching, testing and creating electric vehicles for years, the well-known automakers want to make sure their hats are tossed in the ring as they notice the demand from potential customers steadily increasing.”