EU Approves $986 Million German State Aid For Northvolt’s Battery Plant, Matching US Subsidies
The European Commission gave the green light to a $986 million German measure aimed at bolstering Swedish sodium-ion battery-batteries company Northvolt’s initiative to build a battery production plant for electric vehicles in the country. The sum sways Northvolt’s decision towards…
Factorial Claims Largest US Solid-state EV Battery Plant Yet
Factorial Energy recently announced the opening of a new manufacturing facility it claims is the largest thus far in the U.S. for solid-state batteries—although there’s not yet a timeline for scaled-up production. Located in the Boston suburb of Methuen, Massachusetts,…
Stellantis Picks Indiana For 2nd US EV Battery Plant
Stellantis announced Wednesday that it would build its second U.S.-based electric vehicle battery plant in Kokomo, Indiana, where the company is already building a similar battery plant. Both facilities are being built as joint ventures with South Korea’s Samsung SDI….
Hyundai, LG Announce $4.3 Billion Plant In Georgia For Electric Vehicle Batteries
Hyundai Motor Group and LG Energy Solution announced Thursday they will build a $4.3 billion electric battery plant as part of Hyundai’s new electric vehicle assembly plant in southeast Georgia. The companies will split the investment, starting production as soon as late…
