Ford Motor Co. announced Monday that it is taking big steps into the electric vehicle market with three new battery factories, an electric truck plant, and 11,000 new jobs.

Formed as a partnership with South Korean battery cell provider SK Innovation, the project reportedly costs approximately $11 billion. Ford plans to shoulder over $7 billion of the cost — the largest single investment in Ford’s history. The planned assembly and battery plants will be located in Tennessee and Kentucky.

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