$500 Million Battery Assembly Plant Coming to Arizona
BUCKEYE, AZ—Kore Power Inc. is building a $500 million assembly plant here to produce lithium-ion batteries for electric vehicle charging stations, microgrids, utilities and other applications.
At full capacity, the 1 million square foot factory will be able to produce enough batteries each year to store 12 gigawatt-hours of electricity. That’s enough power to supply 3.2 million homes.