The company will be on the of the first to join the supplier network park at Ford’s Blue Oval City complex and expects to employ 1,300 people expanding its EV-focused footprint.
Magna International, North America’s largest diversified parts auto supplier, has announced an investment of $790 m to build three new factories to produce components for the production of Ford’s upcoming electric pickups.
With the focus on electric vehicle production, two of its factories will be built at Ford’s supplier park at its 3,600-acre Blue Oval City manufacturing complex in Stanton, Tennessee, where the OEM will build next-gen electric pickups and EV battery cells as part of the EV value chain.
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