Ford’s new $3.5B EV battery park comes with $210M from SOAR

February 15, 2023
2 mins read

Ford Motor Co. is dropping $3.5 billion to create an electric vehicle battery park in Marshall, which Michigan's economic development corporation is hoping to back with a $210 million state-funded attraction award. Monday, at the Ford Battery Center of Excellence in Romulus, Ford Chief Executive Officer Jim Farley announced how the $3.5 billion investment will be a "key part" in the more than $50 billion the automobile manufacturer is spending to advance the United States' position in the EV revolution. As part of the deal, Ford is also receiving $772 million over 15 years in real and personal property tax


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