New Honda announcement Honda's new $4.4 billion EV battery plant will be built in Ohio (cnbc.com) Our state is next door and we currently have two mega-battery Automotive battery plant being built. 2 new plants will make Kentucky battery-powered state | Kentucky | thetimestribune.com Japanese e-vehicle battery company to build Kentucky plant - ABC News (go.com) "In Kentucky, the Envision AESC project follows last year's announcement that Ford and its battery partner will build twin battery plants outside Glendale in central Kentucky. That mega-project will create 5,000 jobs to produce batteries for the automaker’s next generation of electric vehicles." Nice to see these facilities being built in the US to support the growing EV market.
Biden administration approves $2.8 billion for EV battery and mineral production in the US (msn.com) "The DOE grants will go to 20 manufacturing and processing companies for projects across 12 states. According to the White House, these projects will support the production of enough lithium, graphite, and nickel to supply millions of new electric vehicle batteries annually." Toyota Battery Manufacturing, North Carolina (TBMNC) - Toyota USA Newsroom "When Toyota Battery Manufacturing, North Carolina (TBMNC) comes online in 2025, it will have six production lines including four supporting battery production for Hybrid Electric Vehicles and two supporting battery production for Battery Electric Vehicles."
Nice. I've seen manufacturing of heavy items being made in the Central states. Maybe in an effort to reduce trucking costs of shipping heavy materials far.
LG Chem to build $3.2 billion cathode plant in Clarksville (msn.com) "The new $3.2 billion facility is expected to bring 860 new jobs to the county and help support the electric vehicle battery value-chain in the U.S., a media release said. LG Chem’s investment represents the single largest announced foreign direct investment in Tennessee’s history, according to officials. The Clarksville facility will be the largest of its kind in the U.S. and is expected to produce roughly 120,000 tons of cathode material annually by 2027, which is enough to power batteries in 1.2 million electric vehicles with a range of 310 miles per charge, officials said."
U.S. finalizes $2.5 billion loan to GM, LG battery joint venture (msn.com) "The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors Co and LG Energy Solution to help pay for three new lithium-ion battery cell manufacturing facilities." "The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan, supporting 6,000 construction jobs and 5,100 operations jobs at the three plants." "GM and LG Energy are considering an Indiana site for a fourth U.S. battery plant. They are building a $2.6 billion plant in Michigan, set to open in 2024. This month, Ultium said it would boost its investment in a $2.3 billion Tennessee plant by another $275 million."
