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 »
Search Results Found For: "battery plant"
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 »
Stellantis and Samsung SDI form JV to build battery plant in Indiana
Stellantis and Samsung SDI have agreed to establish an EV battery manufacturing facility in Kokomo, Indiana. Construction is scheduled to begin later this year, and the plant is expected to go into production in 2025 with an initial annual capacity of 23 GWh, which is slated to increase to 33 GWh over “the next few… Read more »
A look inside LG Energy Solution’s massive Polish battery plant
As demand for EVs soars, US and European automakers are racing to establish localized battery production, and break the long-standing reliance on supply chains originating in Asia. There are currently at least a dozen battery “gigafactories” under construction or planned in Europe. LG Energy Solution claims that its battery cell factory in Wrocław, Poland, is… Read more »
Ford and partners to build 30-45 GWh battery plant in Turkey
Ford has proposed to form a joint venture with Turkish industrial conglomerate Koç Holding and South Korea’s SK Innovation to make EV batteries at a new plant near Ankara. The factory, which is expected to have an annual capacity of 30 to 45 GWh, will supply batteries for Ford’s commercial vehicles, which are expected to… Read more »