Ford executives told Wall Street analysts on Thursday that Ford Motor Company is delaying construction of one of its two side-by-side electric vehicle battery plants in Hardin County, Kentucky.
The company is stretching out its planned EV investments amid uncertainty about market demand for the products.
The plants in Glendale are each projected to employ 2,500 workers. BlueOval SK, Ford’s joint venture with Korean partner SK, has begun hiring.
While the first plant remains on schedule to begin production in 2025, the timing of the second plant is uncertain, according to a Ford spokesperson.
The second BlueOval Kentucky plant was originally scheduled to open in 2026, but Ford and SK On haven’t decided on when it may open.
Ford CEO Jim Farley said on the company’s earnings call that Ford is still committed to electric vehicles and will make significant progress with its second- and third-generation EVs that will come to the market in the next several years.
Source: WDRB
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