Our Next Energy plans $1.6 billion EV battery cell plant in Michigan

Our Next Energy plans to spend $1.6 billion to turn a building in Van Buren Township, Mich., into a battery cell plant by 2024. (OUR NEXT ENERGY)

October 05, 2022 02:27 PM

Our Next Energy will spend $1.6 billion on a new battery cell plant in suburban Detroit and begin production of lithium iron phosphate cells and battery packs in 2024, company officials said Wednesday.

Featured Stories

GM, Honda lead February EV gain with fresh U.S. models as Tesla, Rivian slip

EVs help Cadillac shed its old-fashioned image

Trade war turns Nissan’s liability — underutilized U.S. factories — into asset

Outgoing Lincoln chief: Luxury brand’s future focused on wellness

Latest News

Porsche chairman’s tunnel plan creates uproar in Austria

Daily 5 report for April 17: Is Cadillac ready to break through with younger, affluent buyers? It’s been a long time

10 supplier-created innovations that helped build the auto industry

Ex-Stellantis CEO Carlos Tavares turns attention to airline, wine making businesses

Staying current is easy with newsletters delivered straight to your inbox.

See More in Mobility

Lyft to buy Uber rival FreeNow from BMW, Mercedes in European expansion

Alliance CEO John Bozzella: States can ‘make decisions’ not to follow California rules

Self-driving startup Nuro raises $106 million at lower valuation

Republican attack on California waiver hits procedural roadblock

Staying current is easy with newsletters delivered straight to your inbox.