Addionics announces first US facility

Plans to invest $400 million as part of a multi-year roadmap to support domestic EV battery production.

Addionics, provider of next-generation battery technologies, today announced a planned $400 million investment into its U.S. manufacturing facilities as part of a multi-year roadmap to support domestic EV battery production. The growing demand for high-performance EV batteries has put unprecedented pressure on battery manufacturers to ramp up production and bring down costs. Once completed the factories will generate 3D copper foils to support 90GWh of battery capacity a year, representing an exponential increase in US copper foil production, a critical battery component currently underserved in the market.

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By:

Raz Mayshar

26/2/2024