Addionics announces $400 million multi-factory plan to increase domestic EV battery manufacturing

Addionics has announced plans to increase support for electric vehicle (EV) battery production at its U.S. manufacturing facilities. The company, which specializes in next-generation battery technologies, will invest $400 million into the multi-year project that will ultimately allow its factories to generate 3D copper foils to support 90GWh of battery capacity a year. Addionics’ three-phase, multi-factory plan includes a new plant to be completed in 2027 and additional plants expected to be completed by 2032. The company hopes this initiative will reduce the overall cost of batteries in the U.S., strengthen supply chain stability, and bolster domestic battery production.

In a recent quote, Dr. Moshiel Biton, CEO and Co-Founder of Addionics, said, "The ability to manufacture cost-effective high-performance batteries at scale is the biggest challenge facing the EV industry today. The new U.S. 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 that are powering the EV and electrified future."

Investing in American Manufacturing - 2024

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