Magna to invest $790M to build three facilities in Tennessee; supporting Ford BlueOval City
21 July 2023
Magna International will invest more than $790 million to build the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton, Tennessee. In addition to the two West Tennessee locations, Magna will also build a stamping and assembly facility in Lawrenceburg, Tennessee.
Ford’s on-site supplier park will allow for vertical integration that helps ensure efficient production at BlueOval City, which will be capable of producing 500,000 electric trucks a year at full production. Magna will supply Ford’s BlueOval City with battery enclosures, truck frames and seats for the automaker’s second-generation electric truck.
Magna’s two facilities at BlueOval City supplier park include a new 800,000-square-foot frame and battery enclosures facility and a 140,000-square-foot seating facility.
The battery enclosures facility will join one of Magna’s sister plants in Ontario, Canada, which is currently producing battery enclosures for the Ford F-150 Lightning. The seating facility will produce polyurethane foam, and assemble and sequence “just-in-time” (JIT) complete seats.
Magna will employ approximately 750 employees at its battery enclosures facility and 300 employees at its new seating plant.
In addition, Magna will construct a new 400,000-square-foot stamping and assembly plant at the Team Lawrence Commerce Park – West, a Select Tennessee Certified Site in Lawrenceburg, Tennessee, that will produce truck frames. Magna will employ roughly 250 employees at this location.
Production at all three plants is scheduled to begin in 2025.
Tennessee has made significant strides in electric vehicle (EV) manufacturing with investments from companies such as Magna. During Governor Lee’s administration, more than $14.8 billion has been invested in Tennessee and nearly 11,000 new jobs have been committed through EV-related projects.
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