HAYWARD, CA—Lithos Energy Inc. has opened a new facility here to produce modular lithium-ion batteries for use in “demanding environments” such as agriculture, construction, defense, marine and mining applications.
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.
In July 2022, Panasonic announced it would build a new lithium-ion battery plant in DeSoto, Kansas, a small town located right off a major highway. The plant is being built for the rapidly growing electric vehicle market. It's estimated the project will bring 4,000 permanent jobs to the state, and according to Kansas Department of Commerce officials, it is the most significant economic development project in state history.
TORRANCE, CA—Honda and South Korean battery maker LG Energy Solution will spend $4.4 billion to build a new battery assembly plant in the United States as the Japanese carmaker seeks to phase out fossil-fuel vehicles completely by 2040.