Home » Business » With a value of 3.5 billion.. Ford is building a battery factory for electric cars

With a value of 3.5 billion.. Ford is building a battery factory for electric cars

Ford Motor Company plans to build a $3.5 billion electric car battery plant about 160 kilometers west of Detroit that will employ about 2,500 people.

Plans to build the plant were revealed to the two at a meeting of the Michigan Strategic Fund, which approved a large tax incentive package for the project near Marshall..

The factory will be located on a site ready for industrial development near the intersection of Interstates 94 and 69.

It’s a “great project,” said Gabby Bruno, Ford’s director of economic development, noting that Michigan has been “competing with several states and countries” to secure the investment..

Ford will hold a press conference later in the day to announce its electric cars.

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