Production of battery cells

Production of battery cells

Source: https://www.cnbc.com/amp/2019/12/30/battery-developments-in-the-last-decade-created-a-seismic-shift-that-will-play-out-in-the-next-10-years.html?fbclid=IwAR3OlL_474uDQY8sILd5sutR8OKlg6xWu65XW_H4wTjTk1q-8Oax28PpaEo

When it comes to actually making battery cells for the battery pack, the market is dominated by Asian companies like Panasonic, CATL, LG Chem  and China-based BYD, which is nearly 25% owned by Warren Buffett's Berkshire Hathaway. GM and LG Chem announced that they will invest up to $2.3 billion ny 2023 to form a joint venture in Ohio for production of battery cells for electric vehicles. "The new facility will help us scale production and dramatically enhance EV profitability and affordability," GM CEO and Chairman Mary Barra said at a media event announcing the new factory.