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Magna investing $500M+ to expand in Michigan; two new plants, 1 expansion

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Magna is investing more than $500 million to expand its operations in three different locations in Southeast Michigan. The developments follow new business awards in these product areas, some of which support the growing electrification market. More than 155 new jobs are expected, with production estimated to start in March 2023.

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ONE to invest $1.6B in 20 GWh Michigan gigafactory; LFP cell production in 2024

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Our Next Energy (ONE), a Michigan-based energy storage technology company focusing on lithium iron phosphate chemistries ( earlier post ), will invest $1.6 billion in a new battery cell manufacturing plant, called ONE Circle, in Van Buren Township, Michigan. ONE’s inclusive workforce development program will begin in 2024.

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Toyota to build $50M automotive battery lab at Michigan R&D headquarters

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As part of its evaluation process, the new Michigan battery lab will ensure that Toyota’s batteries meet North American customer requirements by confirming performance, quality and durability of automotive batteries made by Toyota. to evaluate batteries for electric and electrified vehicles in North America.

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Nel to invest up to $400M in electrolyzer plant in Michigan

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Nel plans to build a new automated gigawatt electrolyzer manufacturing facility in Michigan. The announcement was made at the SelectUSA Investment Summit in Washington with Department of Commerce Secretary Gina Raimondo, and the Governor of Michigan, Gretchen Whitmer. The factory will be built in steps to match supply with demand.

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Ford investing $3.5B to build LFP battery plant in Michigan; partnering with CATL

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This all-new battery production facility in Michigan will add approximately 35 gigawatt hours per year of new battery capacity for Ford in the US initially—capable of powering approximately 400,000 future Ford EVs. Ford will invest $3.5 With this $3.5-billion With this $3.5-billion

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LG Energy Solution investing $1.7B to quintuple battery plant capacity in Michigan

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LGES’ expansion will quintuple the plant’s capacity to help produce battery components into the future as Michigan’s electric vehicle industry grows. The two companies have a longstanding relationship, and GM acted as a key partner in bringing LG to Michigan in 2010. LG Energy Solution (LGES) is investing $1.7 million; and.

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Michigan kicks in $120M from MSF to support Ford LFP gigafactory

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The Marshall Area Economic Development Alliance received Michigan Strategic Fund (MSF) approval of a $120.3-million The Marshall Area Economic Development Alliance received Michigan Strategic Fund (MSF) approval of a $120.3-million Earlier post.) Earlier post.) billion to construct and equip a new 2.5

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