Battery factory construction in the US is ramping up in a big way, with both Panasonic and LG Energy Solution announcing new plans.
, saying it will be called the ZDX. That car will most likely also be built in Tennessee and is expected in 2024. It is probably no coincidence that LGES is GM’s battery supplier as well. Honda says it will introduce its own EVs for the 2026 model year.Wall Street Journalsays that Panasonic has chosen Oklahoma as the site for its fourth US battery factory. The factory will cost about $4 billion and will employ up to 4000 workers, according to sources.
Battery manufacturers in South Korea — LG Energy Solutions, SK On, and Samsung SDI — together manufacture about a quarter of all EV batteries for the world. Not surprisingly, most of the precursor materials for all those batteries are sourced from China. The new federal law has caused those companies to now seek new sources of supply.a delegation from South Korea will visit the US soon to ask the US government to delay the new battery materials rule to give those companies more time to comply.
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