• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 6 days Energy Armageddon
  • 4 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 2 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 1 day "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 10 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days The Federal Reserve and Money...Aspects which are not widely known
  • 3 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 11 days Wind droughts
  • 3 days Goldman Betting on Cryptocurrencies
  • 11 days Putin and Xi Bet on the Global South
The Diesel Crisis Is Going Global

The Diesel Crisis Is Going Global

Diesel inventories across the globe…

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Premium Content

Top Automakers Are Fueling A Battery Plant Boom In The U.S.

  • The biggest names in the auto industry are racing to build battery plants in the United States.
  • The Department of Energy’s Vehicle Technologies Office has listed 13 new battery plant projects that are scheduled to be completed within the next five years. 
  • These 13 new battery facilities will be the backbone of the EV revolution.

In August, President Biden signed an executive order that set a target to make 50 percent of all new vehicles sold in the United States in 2030 zero-emission vehicles—and ironically garnering the support of some of the biggest names in auto.

And now, there is a new push to build a slew of battery plants in the United States. 

In America, Joe Biden said back in August, “The future of the auto industry is electric,” adding the point that those vehicles will be made in America. 

To that end, the Department of Energy’s Vehicle Technologies Office has listed 13 new battery plant projects that are scheduled to be completed within the next five years. 

#1 Ford is building a $5.6 billion industrial campus just outside of Memphis that will manufacture not only vehicle batteries but electric trucks. Dubbed BlueOval City, construction was supposed to start by the end of this year, with manufacturing set for 2025. Tennessee Gov. Bill Lee said that the battery facility is the largest single investment in this state’s history. 

Related: 2022 Will Be A Pivotal Year For Mining

#2 and #3 Ford and SK are building twin battery plants in Kentucky. The complex, called BlueOval SK Battery Park, boasts investments of $5.8 billion and will supply batteries to Ford’s North American assembly plants. Ford’s $7 billion contributions to BlueOval City and Blue Oval SK Battery Park represents the largest ever manufacturing investment at one time by any U.S. automaker. 

#4 General Motors & LG Chem have partnered on a battery plant in Lordstown, Ohio, in a 50/50 JV, and this one is almost complete. This is GM’s first Ultium battery Gigafactory, which will produce 30+ GWh of EV batteries each year, with the option for more. Production is expected to start up in 2022. The plant had an estimated investment of $2.3 billion. 

#5 GM and LG Energy Solution also have three more battery facilities in the pipeline. The second one will be built in Spring Hill, Tennessee. Like Lordstown, Spring Hill will require $2.3 billion in investment and is scheduled to open late in 2023. The facilities will supply battery cells to GM’s Spring Hill assembly plant. 

#6 & 7# GM and LG’s third and fourth facilities do not yet have a specified location and no specific target for going into production. 

#8 and #9 SK Innovation have two battery facilities on the books springing up Northeast of Atlanta. The first of the $2.6 billion plants are scheduled to open in 2022, while the second is scheduled to go into production in 2023. 

#10 Toyota has just selected a site for its new Toyota Battery Manufacturing, North Carolina, battery plant Southeast of Greensboro in North Carolina. The $1.29 billion plant. It will be the first battery plant to produce automotive batteries for Toyota in North America and will have a capacity to supply batteries to 1.2 million cars per year. The facility is expected to start up in 2025.

#11 Volkswagen has a plant popping up in Chattanooga, Tennessee, with an unspecified production startup date. 

#12 and #13 on the list will be built by Stellantis & LG Energy Solution, and Stellantis & Samsung SDI. Neither has specified locations, but the first is scheduled to start up in 2024, while the second is scheduled to start up in 2024. 

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News