The facility is one of a slew of new EV facilities that are set to open in the coming years. According to GlobalData, a data and analytics organization, global battery manufacturing is predicted to rise from 95.3-gigawatt hours (GWh) in 2020 to 410.5 GWh in 2024.
Ford claims that its three new battery factories would increase manufacturing capacity to 129 GWh per year. General Motors plans four additional battery factories in the United States (also with LG Chem) with a total annual capacity of 140 GWh, while Volkswagen plans six battery cell manufacturing sites in Europe by 2030 with a total annual capacity of 240 GWh. Stellantis also plans to build a new facility in Indiana with an initial annual production capacity of 23 GWh.
