Excerpt from fierceelectronics.com
To make sufficient numbers of electric vehicles in the future will require supplies and materials for millions of batteries and components and EV charging stations. Two German companies are planning new production facilities in the U.S. related to the effort.
Separately, Toyota announced on Monday plans to build a $1.3 billion electric vehicle battery production plant on an 1,800-acre site in Greensboro, North Carolina. The state is home to several lithium companies and the largest known hard rock lithium deposit in the U.S.
Also, major copper recycler Aurubis of Hamburg, Germany, recently announced it will invest $340 million in a recycling and melting facility for multi-metal recycling in Augusta, Georgia, creating 125 new jobs.
“While the new jobs and investment in Augusta are important, the long-term impact on the electric vehicle ecosystem is huge,” said Pat Wilson, commissioner of the Georgia Department of Economic Development. “Currently, the vital metals used in many of our important daily items are sourced almost exclusively outside of the U.S. As the auto industry aggressively transitions to electric mobility, it becomes more and more important to create the entire value chain of supply at home.”