Tag: EV battery factories
Hyundai, Kia, & Genesis Plant That Can Produce 500,000 Electric & Hybrid Vehicles Opens In Georgia
The largest economic development project in the history of Georgia is now open. Hyundai Motor Group Metaplant America is a battery and vehicle assembly factory that Hyundai Motor Group invested $12.6 billion to build. The company says that it will produce up to 500,000 Hyundai, Kia, and Genesis electric and … [continued]
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Nissan to Get 100 GWh of US-Made Batteries from SK On
The electric vehicle market is growing everywhere, even in the USA, and various dynamics are encouraging automakers to get their batteries locally in each market more and more. That just makes more sense in the long term anyway, but given the fact that China moved much faster in this arena … [continued]
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U.S. Battery Capacity Increased 66% in 2024
In the United States, cumulative utility-scale battery storage capacity exceeded 26 gigawatts (GW) in 2024, according to our January 2025 Preliminary Monthly Electric Generator Inventory. Generators added 10.4 GW of new battery storage capacity in 2024, the second-largest generating capacity addition after solar. Even though battery storage capacity is growing fast, … [continued]
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Toyota’s Late Shift to BEVs Evident in Latest Financials Report
Toyota has gone through dozens of pairs of shoes dragging its feet on battery-electric vehicles. There may be no more notable laggard on electric vehicles (though, neighboring Honda gives it a run for its money). I pointed out yesterday that despite all of its hype for hydrogen fuel cell vehicles … [continued]
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Assembly Plant or Battery Powerhouse? Analysis of Foreign Battery Investments in EU
External experts commissioned by T&E find no EU-wide or national requirements on technology transfer and breaches of air pollution rules from battery factories in Poland and Hungary. T&E calls on clear foreign investment rules and a comprehensive European strategy for battery supply chains. Europe’s ambition to build a world-leading battery … [continued]
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