Battery tech provider Addionics plans to invest $400 million in its US manufacturing facilities as part of a three-phase multi-factory plan to boost domestic EV battery production. The first plant is expected to begin production in 2027, and additional plants are to be completed by 2032. Once completed, the factories will produce tens of thousands of tons of 3D copper foil per year, enough to support 90 GWh of battery capacity.
Addionics says it has substantial demand from American and European automotive and battery OEMs for its products. The company expects its expansion to help reduce the overall cost of batteries in the US.
“The ability to manufacture cost-effective high-performance batteries at scale is the biggest challenge facing the EV industry today,” said Dr. Moshiel Biton, CEO and co-founder of Addionics. “The new US facility will be our largest manufacturing facility to date, and will be able to support and accelerate the local production of the next generation of batteries.”
“US automakers are eager to bring the next wave of EVs to market at a price point to compete with gas-powered models,” said Udi Chatow, VP of Manufacturing. “The gap between market demand for high-performance low-cost batteries and what is being produced domestically is widening, and we are excited to be a part of the solution to bring domestic battery supply in line with demand.”
Source: Addionics
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