Addionics – a provider of next-generation battery technologies – announced a planned $400 million investment into its U.S. manufacturing facilities as part of a multi-year roadmap to support domestic EV battery production.
This growing demand for high-performance EV batteries has put unprecedented pressure on battery manufacturers to ramp up production and bring down costs. And once completed the factories will generate 3D copper foils to support 90GWh of battery capacity a year, representing an exponential increase in US copper foil production, a critical battery component currently underserved in the market.
With substantial demand from American and European automotive and battery OEMs, Addionics’ first plant is expected to start production in 2027, with additional plants expected to be completed by 2032. This three-phase multi-factory plan will produce tens of thousands of tons of 3D copper foil per year, reducing the overall cost of batteries in the U.S., strengthening supply chain stability, and bolstering domestic battery production.
Addionics’ Smart 3D Current Collectors emerged as the new industry standard for the next generation of batteries, delivering superior energy density, higher power, faster charging times, and a longer lifespan compared to traditional batteries all at a lower cost.
KEY QUOTES:
“The ability to manufacture cost-effective high-performance batteries at scale is the biggest challenge facing the EV industry today. The new U.S. facility will be our largest manufacturing facility to date, and will be able to support and accelerate the local production of the next generation of batteries that are powering the EV and electrified future.”
– Dr. Moshiel Biton, CEO and Co-Founder of Addionics
“U.S. automakers are eager to bring the next wave of EVs to market at a price point to compete with gas-powered models. The gap between market demand for high-performance low-cost batteries and what is being produced domestically is widening, and we are excited to be a part of the solution to bring domestic battery supply in line with demand.”
– Udi Chatow, VP of Manufacturing at Addionics
