Will GM Build a new battery plant in 2023?

The automaker in April 2023 announced a JV with Samsung SDI to build a new battery plant in the United States. Aside from volume production, GM has also partnered with startup SolidEnergy Systems in 2021 to build a prototyping facility in Woburn, Massachusetts.

Will gotion build a battery factory in Michigan?

Gotion Inc., which is headquartered in Silicon Valley and owned by Chinese company Gotion High-Tech, first announced its intent to build a battery factory in Michigan in October 2022.

Where are EV batteries made in 2022?

Hyundai Mobis in 2022 also announced plans to build an EV battery module plant in Alabama that will be able to supply more than 200,000 EV batteries annually to its parent company once the plant reaches full capacity. Mercedes-Benz opened a battery plant at its existing manufacturing facility in Alabama in 2022.

How has the IRA impacted the battery industry?

Outside of the battery sector, the IRA has helped fuel a total $245 billion in private investment into clean energy and technology manufacturing, according to Atlas Public Policy’s Clean Economy Tracker. The investment into producing batteries in the U.S. and Canada changes regularly, so we’ve started tracking these promises.

Will stellantis build a second EV battery factory with Samsung SDI?

Stellantis and Samsung SDI commenced construction on their joint-venture EV battery facility in Indiana in March 2023. The factory will produce both lithium-ion cells and modules. The company announced in July 2023 it would build a second battery factory with Samsung, which will open in early 2027. In October, Stellantis shared more details.

Does China have a lithium-ion battery supply chain?

China has long controlled the supply and manufacture of lithium-ion batteries. The country’s grip on that supply chain began to loosen after automakers, hesitant to repeat the chip shortage crisis that hampered manufacturing during the pandemic, began promising to build EVs and batteries closer to home in 2021.