President Biden signed an executive order in August setting a goal of making 50 percent of all new vehicles sold in the United States zero-emission automobiles by 2030, and ironically earning backing from some of the industry’s top players. And now there’s a new push in the United States to create a spate of Battery facilities. “The future of the car industry is electric,” Joe Biden declared in August, adding that the automobiles will be built in the United States.
To that aim, the Department of Energy’s Vehicle Technologies Office has identified 13 new Battery plant projects that will be completed in the next five years. #1 Ford is constructing a $5.6 billion industrial site just outside of Memphis that will produce electric trucks as well as vehicle batteries. Construction of BlueOval City, dubbed BlueOval City, was set to begin by the end of this year, with manufacturing set for 2025. The Battery plant, according to Tennessee Governor Bill Lee, is the state’s largest single investment.
#1, #2, and #3 In Kentucky, Ford and SK are constructing twin Battery plants. BlueOval SK Park, which has a $5.8 billion investment, will supply batteries to Ford’s North American assembly facilities. Ford’s $7 billion commitments to BlueOval City and Blue Oval SK Park constitute the company’s single-largest industrial investment.
#4 A 50/50 joint venture between General Motors and LG Chem is nearing completion on a Battery plant in Lordstown, Ohio. This is GM’s first Ultium Gigafactory, which will generate 30+ GWh of electric vehicle per year with the ability to produce more.