Envision AESC to invest $810 million on U.S. BMW battery plant

Battery plants in the works Automakers and their battery partners are preparing to ramp up production over the next few years. Here are their plans. (14 Results) MapList General Motors 1 more Ultium plant is planned for the U.S. Location and timing to be announced. General Motors The Ultium Cells joint venture between GM and LG Energy Solutions is expected to begin producing batteries next year in Spring Hill, Tenn. General Motors GM and LG will invest up to $2.5 billion to build a battery plant near Lansing, Mich., near 2 existing assembly plants, in late 2024. Ford Motor Co. Blue Oval City will make batteries, along with electric F-Series pickups, northeast of Memphis, Tenn. Ford Motor Co. Blue Oval SK Battery Park, a joint venture with SK Innovation, is expected to open in 2025. It will comprise 2 battery plants in central Kentucky for Ford and Lincoln nameplates. 1 will open in 2025 and the other in 2026. SK Innovation Battery production launched this year at Plant 1, which will supply the VW ID4 and Ford F150 Lightning. Plant 2 will build batteries for the F-150 Lightning. Itâ€™s expected to open in 2023. Volkswagen VWâ€™s Chattanooga complex has been expanded to begin battery-pack assembly for the ID4; pilot builds are being done. The complex will eventually supply other VW models. Toyota Toyota Battery Manufacturing, North Carolina, is expected to open by 2025. It will be near the town of Liberty and is eventually expected to run 6 assembly lines, enough to power up to 1.2 million vehicles annually. Stellantis Stellantis and partner LG Energy Solution will build Canadaâ€™s first large-scale EV battery plant in Windsor, Ontario. The plant is expected to begin operations in 2024 and will have capacity to produce 45 gigawatt hours of lithium ion battery cells and modules. Stellantis Stellantis and Samsung SDI will jointly produce EV batteries in Kokomo, Ind. The plant is expected to open in 2025. It will have an initial capacity of 23 GWh, with an aim to increase to 33 GWh within a few years. Panasonic Panasonic broke ground in November on a $4 billion battery plant in De Soto, Kan., to supply Tesla and other customers. Envision AESC The Japanese supplier is investing $2 billion in Bowling Green, Ky., initially to supply Mercedes-Benz in Alabama but to include other automakersin the future. Envision AESC In December, the company announced an $810 million plant in Florence, S.C., to produce BMWâ€™s newest generation of batteries. Honda, LG Energy Announced a joint venture in October to invest $3.5 billion on battery production near Columbus, Ohio. Japan-based Envision AESC will plow $810 million into a new South Carolina battery factory to supply BMW Group's next-generation electric vehicles.

Envision AESC to invest $810 million on U.S. BMW battery plant

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