Below are several electric vehicle battery factories being newly built or newly operated in North America:
🔋 AESC
AESC plans to build three facilities in the U.S. by 2030. Their Tennessee plant is operational, and the construction of their Kentucky and South Carolina plants began in August 2022 and June 2023 respectively. AESC's total investment is projected to be $2.8 billion, with a total promised capacity of 63 GWh.
🔋 BMW
BMW is investing $1.7 billion for an EV production plant and for the buildout of a battery assembly facility in South Carolina. Moreover, BMW and AESC partnered up to invest in a battery cell plant in South Carolina, which will produce BMW’s lithium-ion battery cells.
🔋 Ford
Ford and SK On launched a joint venture called “BlueOval SK” in September 2021 to build three battery plants in the U.S. They secured a $9.2 billion loan from the U.S. government to finance a part of the construction. Two plants are located in Kentucky, and one will be in Tennessee. Ford is also building a lithium iron phosphate plant in Michigan and a battery assembly plant at its facility in Oakville, Canada. Ford’s total investment is projected to be $14.9 billion, with a total promised capacity of 164 GWh.
🔋 General Motors
General Motors partnered up with SolidEnergy Systems in 2021 to build a prototyping facility for lithium-ion batteries in Massachusetts. General Motors and LG Chem formed a joint venture called “Ultium Cells” in December 2022 to build three battery plants in the U.S. They secured a $2.5 billion loan from the U.S. government to fund the project. General Motors and Samsung SDI announced a joint venture for a battery plant in April 2023. General Motors also partnered up with Posco Chemical in March 2022 to build a $400 million facility to produce cathode active materials in Canada. General Motor's total investment is projected to be $13.5 billion (excluding its Canada materials factory), with a total promised capacity of 165 GWh.
🔋 Gotion
Gotion announced its plans to build a battery factory in Michigan in October 2022. It secured $175 million in state funds for this in April 2023. Gotion's total investment is projected to be $2.36 billion.
🔋 Honda
Honda and LG Energy Solutions announced a joint venture in August 2022 for a facility in Ohio. It will produce both cells and modules and supply “pouch type” battery cells. Honda’s engine plant in Ohio is also being built out to add production of casing for battery modules. Moreover, Honda aims to secure battery resource recycling through its agreements with Ascend Elements, Cirba Solutions, and Posco Holdings, amongst others. Honda's total investment is projected to be $4.4 billion, with a total promised capacity of 40 GWh.
🔋 Hyundai
Hyundai and SK On formed a joint venture in April 2023 to build a $5 billion battery plant in Georgia. In March 2023, they formed another joint venture to build a battery cell factory in Georgia. Hyundai's total investment is projected to be $9.3 billion, with a total promised capacity of 65 GWh.
🔋 LG Energy Solution
LG Energy Solution has joint ventures with General Motors, Honda, and Hyundai to build battery factories in North America. LG plans to quintuple both the capacity of its lithium-ion cell plant in Michigan and its investments in its new factory in Arizona. Until 2025, LG plans to spend up to $17 billion on constructing eight factories with a capacity of 300 GWh. Two of these factories are already operational.
🔋 Mercedes-Benz
Mercedes-Benz opened a battery plant in Alabama in 2022. Moreover, Mercedes-Benz and Sila are working together on the production of silicon battery cells at Sila’s facility in Washington state. Mercedes-Benz's total investment is projected to be $1 billion.
🔋 Northvolt
Northvolt is building a lithium-ion battery gigafactory in Quebec, with an annual cell manufacturing capacity of 60 GWh. The first 30 GWh phase of the project is expected to cost $5 billion and is due to commence before the end of 2023. In 2021, Northvolt acquired Cuberg, which now leads Northvolt’s U.S. battery operations.
🔋 Our Next Energy
Our Next Energy plans to build a gigafactory devoted to lithium-iron-phosphate cells in Michigan. They recently raised $300 million in funding, and plan to carry out raw material refinement, cathode materials production, and cell and battery manufacturing at the factory. Our Next Energy's total investment is projected to be $1.6 billion, with a total promised capacity of 20 GWh.
🔋 Panasonic
In July 2022, Panasonic announced its plans to build the world’s largest EV battery plant. The factory will cost $4 billion to construct and will be located in Kansas. Panasonic Energy of North America has a facility in Nevada, that operates inside Tesla’s Nevada Gigafactory. It plans to expand production by 10% here within the coming three years. In May 2023, Panasonic announced its plans to build at least two new factories in North America by 2030 to produce Tesla battery cells. Panasonic's total investment is projected to be $4 billion, with a total promised capacity of 30 GWh.
🔋 Redwood Materials
Redwood Materials is building a battery materials campus in South Carolina. The campus facilities will recycle, refine, and remanufacture cathode and anode materials – such as cobalt, copper, lithium, and nickel. Redwood also has a plant that produces anode copper foil in Nevada. The startup received a $2 billion loan from the U.S. government in early 2023 to fund its facilities. Redwood Material's total investment is projected to be $5.5 billion, with a total promised capacity of 200 GWh.
🔋 Rivian
Rivian is aspiring to build a large EV production facility – potentially including a cell manufacturing facility – in Georgia, with production planned for 2026. The project, however, remains to be confirmed.
🔋 SK Battery America
SK Battery America invested $2.6 billion in two manufacturing plants in Georgia. Its total investments are projected to be $2.6 billion, with a total promised capacity of 22 GWh.
🔋 Stellantis
Stellantis and Samsung SDI formed a joint venture to build two EV battery facilities, one in Indiana and another one elsewhere. Stellantis also formed a joint venture with LG in 2021 to build a factory in Ontario, with an annual capacity of 40 GWh. Its total investment is projected to be $6.8 billion, with a total promised capacity of 78 GWh.
🔋 Tesla
In January 2023, Tesla announced its plans to expand its Nevada factory with the capacity to annually produce 1.5 million more batteries for light duty vehicles. It also plans to expand its gigafactory in Austin and its manufacturing facility in California. Tesla's total investment is projected to be about $10.9 billion, with a total promised capacity of 199 GWh.
🔋 Toyota
Toyota announced its plans to build a battery plant in North Carolina in 2021. The plant will produce both cells and modules. Toyota is also building a battery lab for $48 million in Michigan, which is expected to begin its operations in 2025. Toyota's total investment is projected to be $5.9 billion.
🔋 Volkswagen
Volkswagen set up a separate battery company called “PowerCo SE” in July 2022 to build batteries for its EVs. One of its three cell factories will be in Canada. Volkswagen's total investment is projected to be about $5.2 billion, with a total promised capacity of 90 GWh.
🔋 Volvo
Volvo has a battery assembly factory in South Carolina, but it has not yet confirmed any other plans for producing batteries in North America.
Read more about the construction of EV battery factories here: https://tcrn.ch/3qwarlc
Read more about Northvolt’s new factory here: https://northvolt.com/articles/northvolt-six/