Addionics announces $400 million EV battery manufacturing plant in U.S.

Israel’s Addionics announced its first battery manufacturing in the U.S. Its first gigafactory-grade facility with a $400 million investment. This plant will be a multi-year roadmap to develop and support domestic electric vehicle (EV) production.

Addionics Smart 3D Current Collectors copper foil has now become the new industry standard for the next generation of batteries to provide high energy density, high power, fast charging, and a long lifespan compared to traditional batteries.

This new factory will generate 3D copper foils to support 90GWh of battery capacity per year. It will also contribute to an increase in US copper foil production, a critical battery component.

This plant will fulfill demand from American and European automotive and battery OEMs, which will start production in 2027. The development roadmap may also include additional plants by 2032.

The three-phase multi-factory plan will produce tens of thousands of 3D copper foil per year. It will reduce the overall cost of batteries in the U.S., stabilize the supply chain, and boost domestic battery production.

“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 company said it is the largest manufacturing facility to date and it will be able to support and increase production of next-gen batteries for EV and electrified strategies.

(source – Addionics)