Ford Motor and its battery manufacturing partner will receive a $9.2 billion loan to build three battery factories in Kentucky and Tennessee, the Department of Energy said Thursday. The loan is the single biggest financial commitment the Biden administration has made in its effort to build an electric vehicle manufacturing network in the United States.The loan will go to a joint venture created by Ford and its partner SK On called BlueOval SK, which will supply batteries for electric Ford and Lincoln cars and trucks. The factories, one in Tennessee and two in Kentucky, will employ 7,500 people and are among the largest such plants being built by auto and battery companies across the country, especially in Southern s …
