Magna, eyeing new EV business, will build three new factories in Tennessee to support upcoming Ford electric pickup production at its BlueOval City factory.
Diversified Canadian parts supplier Magna International Inc. said Thursday it will spend $790 million to build three new factories in Tennessee to provide Ford Motor Co. with components for its upcoming electric pickup production there.
The largest of Magna's new factories will be an 800,000-square-foot plant that produces battery enclosures. In an email to Automotive News, the company said it"could employ up to 750 employees" at the site as production ramps up. Battery enclosures are a significant"target area" for Magna as it positions itself for EV production in the coming years, said Eric Wilds, the supplier's chief sales and marketing officer. Enclosures, which house high-voltage batteries and other EV components, are a"natural progression" for Magna, which has extensive experience building frames and underbody components for gasoline-powered vehicles, he said.
For the third part of the project, the Aurora, Ontario, supplier intends to build a 400,000-square-foot factory in Lawrenceburg, Tenn., about 80 miles south of Nashville and 140 miles east of BlueOval City. The factory will produce vehicle frames and is expected to employ about 250 people.
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