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Battery Manufacturing

US battery-cell manufacturing capacity has roughly doubled every 18 months since 2022. Plants in this sector are foundational to the domestic electric-vehicle supply chain and to grid-scale energy storage required by the renewable build-out. Inflation Reduction Act §45X tax credits underwrite a significant fraction of the operating margin, making the economics workable at US labor costs.

Projects
10
Investment
$49.70B
Jobs
32,900
Companies
9
States
9
Geographic Distribution

Projects across the country

Largest announced project
Battery Manufacturing

Toyota

Liberty, North Carolina
Investment
$13.90B
Open project →
Largest employer by jobs
Battery Manufacturing

Hyundai-LG Energy Solution

Bryan County, Georgia
Expected jobs
8,500
Open project →
Top investing states

Battery Manufacturing by state

  1. North Carolina
    1 projects
    5,100 jobs
    $13.90B
  2. Georgia
    1 projects
    8,500 jobs
    $7.60B
  3. Michigan
    2 projects
    3,400 jobs
    $6.00B
  4. Kentucky
    1 projects
    5,000 jobs
    $5.80B
  5. Ohio
    1 projects
    2,200 jobs
    $4.40B
  6. Kansas
    1 projects
    4,000 jobs
    $4.00B
  7. Indiana
    1 projects
    1,400 jobs
    $3.20B
  8. Mississippi
    1 projects
    2,000 jobs
    $2.50B
  9. Tennessee
    1 projects
    1,300 jobs
    $2.30B
Top companies

By announced investment

  1. Toyota
    1 projects
    5,100 jobs
    $13.90B
  2. Hyundai-LG Energy Solution
    1 projects
    8,500 jobs
    $7.60B
  3. Ford & SK On
    1 projects
    5,000 jobs
    $5.80B
  4. GM & LG
    2 projects
    3,000 jobs
    $4.80B
  5. Honda & LG Energy Solution
    1 projects
    2,200 jobs
    $4.40B
  6. Panasonic Energy
    1 projects
    4,000 jobs
    $4.00B
  7. Ford
    1 projects
    1,700 jobs
    $3.50B
  8. Stellantis & Samsung SDI
    1 projects
    1,400 jobs
    $3.20B
  9. Amplify Cell Technologies
    1 projects
    2,000 jobs
    $2.50B
Timeline

Announcement chronology

  1. Sep 13, 2023Amplify Cell Technologies (Daimler/PACCAR/Cummins/EVE)Marshall County, Mississippi · Battery Manufacturing$2.50B
  2. May 26, 2023Hyundai-LG Energy SolutionBryan County, Georgia · Battery Manufacturing$7.60B
  3. Feb 13, 2023Ford (BlueOval Battery Park Michigan)Marshall, Michigan · Battery Manufacturing$3.50B
  4. Aug 29, 2022Honda & LG Energy SolutionJeffersonville, Ohio · Battery Manufacturing$4.40B
  5. Jul 13, 2022Panasonic EnergyDe Soto, Kansas · Battery Manufacturing$4.00B
  6. May 24, 2022Stellantis & Samsung SDI (StarPlus)Kokomo, Indiana · Battery Manufacturing$3.20B
  7. Jan 25, 2022GM & LG (Ultium Lansing)Lansing, Michigan · Battery Manufacturing$2.50B
  8. Dec 6, 2021ToyotaLiberty, North Carolina · Battery Manufacturing$13.90B
  9. Sep 27, 2021Ford & SK On (BlueOval)Glendale, Kentucky · Battery Manufacturing$5.80B
  10. Apr 16, 2021GM & LG (Ultium Cells)Spring Hill, Tennessee · Battery Manufacturing$2.30B
Every tracked project

Battery Manufacturing ledger · 10

CompanyIndustryLocationStatusInvestmentJobsAnnounced
Amplify Cell Technologies (Daimler/PACCAR/Cummins/EVE)Battery ManufacturingMarshall County, MississippiUnder Construction$2.50B2,000Sep 13, 2023
Hyundai-LG Energy SolutionBattery ManufacturingBryan County, GeorgiaUnder Construction$7.60B8,500May 26, 2023
Ford (BlueOval Battery Park Michigan)Battery ManufacturingMarshall, MichiganUnder Construction$3.50B1,700Feb 13, 2023
Honda & LG Energy SolutionBattery ManufacturingJeffersonville, OhioUnder Construction$4.40B2,200Aug 29, 2022
Panasonic EnergyBattery ManufacturingDe Soto, KansasUnder Construction$4.00B4,000Jul 13, 2022
Stellantis & Samsung SDI (StarPlus)Battery ManufacturingKokomo, IndianaUnder Construction$3.20B1,400May 24, 2022
GM & LG (Ultium Lansing)Battery ManufacturingLansing, MichiganUnder Construction$2.50B1,700Jan 25, 2022
ToyotaBattery ManufacturingLiberty, North CarolinaUnder Construction$13.90B5,100Dec 6, 2021
Ford & SK On (BlueOval)Battery ManufacturingGlendale, KentuckyOperational$5.80B5,000Sep 27, 2021
GM & LG (Ultium Cells)Battery ManufacturingSpring Hill, TennesseeOperational$2.30B1,300Apr 16, 2021
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