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Over $40 Billion In EV Investments Establishes New US 'Battery belt' with 15 New Plants Or Expansions

13 Oct 2022 | Abstracted from Electrek

"A new 'battery belt' is emerging in the United States as automakers from around the globe race to meet the overwhelming demand for fully electric, zero-emission vehicles.

"U.S. capacity additions were sporadic until recently when the pace of new announcements picked up. Six new facilities, worth more than $5 billion, were announced from 2018 to 2020...Since the start of 2021, more than 15 new facilities or expansions have been disclosed..."



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