SPRING HILL, TN—Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, will spend $275 million to expand its battery cell assembly plant
MEBANE, NC—Sunlight Batteries USA is spending $40 million to build a new battery assembly plant here. The new facility will be equipped with five lithium-ion battery assembly lines, including a fully automated one and one dedicated to large-scale energy storage systems. The facility is expected to create more than 200 jobs.
The goal is to reduce computational costs and accelerate Volkswagen’s adoption of quantum computers to develop battery materials that are safer, lighter, and more cost-effective.
TOKYO—Honda Motor Co. has established a strategic partnership with Hanwa Co. to ensure a stable supply of essential metals for electric vehicle batteries.
VAN BUREN TOWNSHIP, MI—Our Next Energy (ONE), a Michigan-based energy storage technology company, will invest $1.6 billion to build a new battery cell manufacturing plant here.
President Joe Biden signed the Inflation Reduction Act of 2022 (IRA) into law on Aug. 16. The law is a major accomplishment for Democrats, who have been struggling for months to pass Biden’s ambitious social and climate policies, as well as his vision to raise taxes on the rich.
Overheating is one of the biggest challenges facing engineers developing new types of battery technology. Too much thermal activity can reduce performance, cause malfunctions and increase the risk of fires and other serious problems in electric vehicles.
