The automaker announced in September of 2021 that it would build the plant and a joint-venture battery factory on a 3,600-acre (1,460-hectare) parcel of land in rural Stanton, northeast of Memphis. Ford has said it plans to start production by 2025. Known as the Memphis Regional Megasite, the land designated by the state for industrial development sat unused for years before Ford decided to move in. Construction began last year. (AP) - Ford says its new assembly plant under construction in western Tennessee will be able to build up to 500,000 electric pickup trucks a year at full production. Ford says the assembly and battery plants will employ about 6,000 people with an investment of roughly $5.6 billion.
The United States has been shoring up alliances in the Asia-Pacific seeking to counter China's assertiveness in the South China Sea and the Taiwan Strait, as Beijing seeks to advance its territorial claims.
7 shows that exports to China increased by $2.