Factbox: EV and battery makers target $24 billion for southern U.S. plants
Individuals check drive Dream Version P and Dream Version R electrical autos on the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. REUTERS/Caitlin O’Hara
Oct 8 (Reuters) – The middle of gravity for U.S. auto manufacturing is shifting south, with electrical automobile and battery makers planning to spend almost $24 billion in new factories from Arizona to Georgia.
Already introduced are the next crops and investments:
ARIZONA
Startup Lucid Motors has simply opened a $300 million meeting plant for electrical autos in Casa Grande, midway between Phoenix and Tucson. The corporate says future growth plans might take whole funding as much as $1 billion.
Nikola Corp stated it’s planning a $600 million facility in Coolidge, not removed from Casa Grande, to construct fuel-cell electrical vans.
TEXAS
Tesla Inc is nearing completion of its $1.1 billion meeting and battery plant outdoors Austin, and has stated it’ll transfer its company headquarters from California to Texas.
TENNESSEE
German automaker Volkswagen AG invested one other $800 million in its Chattanooga plant to construct electrical autos, beginning earlier this yr with the ID.4.
Ford Motor Co is constructing a large automobile and battery meeting advanced in Stanton, outdoors Memphis, with associate SK Innovation Co . The $5.6 billion Blue Oval Metropolis is predicted to open in 2025, constructing the next-generation F-150 Lightning pickup.
Basic Motors Co is investing $4.3 billion with associate LG Vitality Resolution, a unit of LG Chem , to construct an electrical automobile meeting plant and battery plant in Spring Hill. The meeting plant will prove the Cadillac Lyriq in 2022 and a pair of autos for Honda Motor Co and its Acura model in 2024.
KENTUCKY
Ford and SKI are spending $5.8 billion to assemble two battery crops in Glendale, close to Louisville, to open in 2025-2026.
ALABAMA
Toyota Motor Corp and associate Mazda Motor Corp have opened their $2.3 billion plant close to Huntsville, and anticipate so as to add manufacturing of electrical autos within the close to future.
GEORGIA
SKI is investing $2.6 billion in two battery crops in Commerce, outdoors Atlanta, with the primary slated to open in 2022.
OKLAHOMA
Startup Canoo Inc has agreed to construct a $500 million plant in Pryor, outdoors Tulsa, to assemble a variety of electrical autos, beginning in 2023.
Reporting by Paul Lienert in Detroit; Enhancing by Dan Grebler
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