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Tracking the EV battery factory construction boom across North America
Battery factories are popping up across North America. Here's where they are and how the Inflation Reduction Act influenced the boom.
One reason is because the IRA is rife with incentives for automakers and consumers to produce domestically — a concerted effort to end the U.S.’s reliance on China for batteries, while simultaneously meeting Biden’s goal to make 50% of all new vehicle sales in the U.S. electric or hybrid by 2030. Image Credits: TechCrunch | Rebecca BellanIn August 2022, Honda announced its joint venture with South Korea’s LG Energy Solutions to supply the North American market with “pouch type” battery cells. Image Credits: TechCrunch | Rebecca BellanIn April 2023, Hyundai and SK On approved plans to set up a joint venture to build a $5 billion battery plant in Bartow County, Georgia.
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