The Volkswagen Group has been flooding the zone with EV-related news of late. Last September, new CEO Oliver Blume revealed a 10-point plan to accelerate the EV transition, and we’re now seeing some concrete steps to make it a reality. The company recently announced a five-year investment budget of €180 billion ($193 billion), and some… Read more »
Search Results Found For: "battery plant"
Automakers are shifting battery plant plans from Europe to the US. Does the European Commission have a solution?
Events in the EV industry are moving so fast that, even with the best will in the world, we journalists can publish things that turn out to be out of date or just plain wrong—when we do, a correction and a mea culpa are in order. In my latest Charging Forward column, which appears in… Read more »
KORE Power chooses Siemens to provide infrastructure tech for Arizona battery plant
US battery cell developer KORE Power has selected manufacturing conglomerate Siemens to support the KOREPlex, KORE’s planned 12 GWh lithium-ion battery cell production facility in the Phoenix area. Siemens Smart Infrastructure technology and capital from Siemens Financial Services will, says KORE, help accelerate construction of its Buckeye, Arizona, facility to meet the growing demand for… Read more »
Ford to build new LFP battery plant in Michigan
Ford plans to invest $3.5 billion to build an LFP battery plant in Marshall, Michigan. BlueOval Battery Park Michigan will initially employ 2,500 people when production begins in 2026. The automaker will offer LFP (lithium iron phosphate) as a second battery chemistry option in addition to NCM (nickel cobalt manganese), allowing customers to choose an… Read more »
Billions of bucks for US battery plants announced in 2022
Electrifying transportation is going to require beaucoup batteries, and for a raft of reasons, those batteries need to be built near the vehicle markets they serve (not shipped halfway around the world, as is often the case today). The Biden Administration’s Inflation Reduction Act includes incentives for automakers to source their batteries here in the… Read more »
FREYR Battery to build Giga America battery plant in Georgia
Another day, another announcement of a new battery gigafactory. FREYR Battery has purchased a site in Coweta County, Georgia for its planned Giga America battery plant, and will begin detailed project engineering “in the coming months.” FREYR plans to invest some $1.7 billion in the first phase of Giga America, which will be a cell… Read more »
Hyundai breaks ground on Georgia EV and battery plant
Hyundai has broken ground on a new manufacturing plant at the Bryan County Mega Site in Georgia. At the new plant, where the automaker and its affiliate suppliers are expected to invest some $5.54 billion, Hyundai plans to produce a diverse range of Hyundai, Genesis and Kia EVs, as well as batteries. The new plant is… Read more »
Redwood Materials to supply cathode material to Panasonic’s new US battery plant
JB Straubel’s Redwood Materials will supply remanufactured battery cathode material to Panasonic, beginning in 2025, for a new factory the Japanese battery-maker is currently building in Kansas. Panasonic’s $4-billion factory, which is said to be larger than Tesla’s Nevada Gigafactory, is expected to begin production of 2170-format cylindrical cells by March 2025. Spurred by the… Read more »
SK On secures $2 billion in investment for Hungary battery plant
SK On, a battery company and subsidiary of SK innovation, has secured $2 billion in investment resources from export credit agencies, which it plans to devote to an under-construction battery plant in Iváncsa, Hungary. “Euler Hermes and Korea Trade Insurance Corporation will provide insurance worth $800 million and $700 million respectively, and the Export-Import Bank… Read more »
Panasonic to build EV battery plant in Kansas to supply Tesla
Panasonic plans to build a new battery plant in De Soto, Kansas, a suburb of Kansas City. The new facility will primarily supply batteries to Tesla, but will also have a research department focused on next-generation battery tech. The company has made no official announcement of the planned production capacity or investment amount. The Kansas… Read more »