Ford will create $ 11 billion mega-campuses. Shares are soaring.

Ford (F) shares rose 2.76% during the main trading session on September 27 and gained another 4.66% in the postmarket. Again, we understand the reasons and prospects.

Ford and Korea’s SK Innovation, a battery partner, are investing $ 11.4 billion in factories. It is the most significant investment in production in the 118-year history of Ford – and this is just the beginning: in total, the company plans to invest more than $ 30 billion in the transition to the production of electric vehicles by 2030.

Includes the production of cars and components with decreased cost and autonomous control, and improved financial performance. Ford uses the term “mega campus” to refer to its new manufacturing facility, reminiscent of Teslas. What Will Be Built

• A battery assembly and manufacturing mega campus in Tennessee, USA called Blue Oval City.
• Plant in Tennessee to assemble the next generation F-series electric pickup trucks.
• 2 additional factories in Kentucky to produce batteries for the new lines of electric vehicles Ford and Lincoln. What this means for Ford
• Construction to end in 2025 when production of new electric vehicles and lithium-ion batteries will begin. Will create about 11 thousand new jobs, 6 thousand of which will fall on the plant in Tennessee.
• Separate funds, $ 525 million, will be invested in training technicians over the next five years. Thus, the company will increase qualified personnel to help them prepare for the transition to electric vehicles. The program begins in Texas, where Ford alone will initially spend $ 90 million.
• Ford had previously expected 40% of global automotive production to of electric vehicles by 2030.

Now the company expects to increase it to 40-50%. “This is a watershed moment where Ford will spearhead America’s move to electric vehicles and usher in a new era of cleaner production with zero carbon emissions,” said Ford Chairman Bill Ford. “Through this investment and spirit of innovation, we will be able to achieve goals that are mutually exclusive – to protect our planet, create great electric vehicles that Americans love, and contribute to the country’s prosperity.”
Should you buy Ford now?
Last week, Ford shared news of investment in battery recycling. Into account, yesterday’s, the quotes were able to get out of the medium-term descending channel and gain a foothold above the EMA50. However, the MACD curves continue to look upon the daily chart, and the RSI indicator does not report.