Details of the Factory and Battery Tech
The Michigan battery factory, established earlier this year, was intended to produce battery technology licensed from China’s Contemporary Amperex Technology Co (CATL). It remains uncertain whether the suspension is temporary or permanent.
The factory, with a budget of $3.5 billion, was scheduled to commence operations in 2026, focusing on the production of lithium-iron-phosphate batteries for electric vehicles (EVs). This project was expected to create employment opportunities for at least 2,500 autoworkers and stimulate domestic EV battery production.
Uncertainty Surrounding the Project
