After more than 100 years of incremental evolution, the automotive industry is undergoing a transformation unlike anything it has ever experienced. The driving force behind this revolution is the shift from internal combustion to battery power.
The need to extend the range of electric vehicles is pushing automakers to adopt higher battery voltages. Most passenger EVs are powered by a 400-volt battery pack, while electric buses and trucks are powered by 600-volt battery packs.
SEOUL—General Motors Co. and Samsung SDI plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States that is targeted to begin operations in 2026.
JACKSON, TN—6K Energy, the cathode materials production division of 6K Inc., plans to establish a full-scale PlusCAM battery material manufacturing plant here. The $250 million project is expected to create 230 jobs in Madison County.
STUTTGART, Germany—German-Canadian start-up Rock Tech Lithium Inc. has begun construction of a new lithium processing plant in Guben, Germany, that will provide Mercedes-Benz with the raw materials needed to produce EV batteries.