Automakers, Suppliers Intensify Battery Investments

Excerpt from TechBriefs

As the world’s major auto markets begin an inexorable shift to EVs and hybrid-electric vehicles (HEVs), any discussion of the engineering behind the transition invariably includes batteries. The now-constant interest in battery development means the 2023 edition of The Battery Show North America, September 12-14 in Novi, MI, will be heavily attended — and its presentations and conference sessions closely deliberated.

The 2023 Battery Show proceeds against a backdrop of accelerating investment in battery development and manufacturing by almost all major automakers. And spurred by significant incentives from the U.S. government to promote domestic production of batteries and critical battery minerals, the Detroit Three automakers all made new manufacturing commitments in the weeks prior to the Battery Show’s opening. These latest investments include:

Stellantis and Controlled Thermal Resources said Stellantis will invest more than $100 million to further the development of CTR’s Hell’s Kitchen initiative in California’s Imperial County, a geothermal lithium project with a total resource capacity said to be able to annually deliver up to 300,000 metric tons of lithium carbonate equivalent. The lithium derived from what CTS claims is the world’s largest geothermal lithium-extraction project will help Stellantis secure maximum consumer EV purchase incentives under the U.S. Inflation Reduction Act.

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