Major car manufacturers have announced USA Battery gigafactories over the past 6 months. It takes a few years to build a factory, and then they need to have the supply of materials such as lithium.
- Existing factories provide enough batteries for about 5m vehicles
- Newly announced factories could provide enough batteries for a further 10m vehicles
- Given the existing vehicle demand is for 20 million cars a year, this suggests that 75% of all new cars could be electric by 2025 / 2026.
- There is a demand for batteries in other applications. Trucks consume 10x more than cars. Stationary storage requires TWh needed by 2030. These manufacturers will have more demand than supply.
Existing USA Battery Gigafactories & Capacity
The following table is from ABB Supply (with additions from other PR releases) . Note that as per map above announcements do not always translate to actual!
| Rank | Company | Location | Start Date | Capacity GWh | Expanded | Cars | Notes |
| 1 | Panasonic-Tesla | Gigafactory 1, Nevada, US | 2016 | 35 | 39 | 520,000 | by 2021 |
| 2 | LG Energy Solution (LG Chem) | Holland, Michigan, US | 2013 | 3 | 24 | 320,000 | By 2028 |
| 3 | Envision AESC | Smyrna, Tennessee, US | 2012 | 2 | 8 | 110,000 | By 2028 |
| 4 | Imperium3 | Imperium, New York, US | 2019 | 3 | 15 | 200,000 | |
| 5 | SAFT | Jacksonville, Florida, US | 2011 | 1 | 1 | 20,000 | |
| 6 | A123 Systems | US Plant 1, Michigan, US | 2020 | 0.15 | 0.15 | 10,000 | |
| 7 | A123 Systems | US Plant 2, Michigan, US | 2021 | 0.15 | 0.15 | 10,000 | |
| 8 | Samsung SDI | Auburn Hills, MI, US | 0 | production and sales | |||
| 9 | Ultium (GM-LG Chem) | Lordstown, Ohio, US | 2022 | 30 | 30 | 400,000 | |
| 10 | SK Innovation | 2nd Plant, Georgia, US | 2023 | 11.7 | 12 | 160,000 | US ban on SKI for 10 years except for VW and Ford puts plants in doubt |
| 11 | Do Floride Chemicals DFD / KORE Power | 10 | 10 | 140,000 | Energy Storage applications | ||
| 12 | SK Innovation | Commerce, Georgia, US | 2022 | 9.8 | 20 | 270,000 | US ban on SKI for 10 years except for VW and Ford puts plants in doubt |
| 13 | Tesla | Austin, Texas, US | 2022 | 50 | 200 | 2,670,000 | CY, MY, M3 (2m x 75kw) capacity 4m cars |
| 14 | Tesla | Gigafactory 2, Buffalo, New York, US | 2020 | 2 | 4 | 60,000 | Energy Storage applications |
| 15 | Tesla | Fremont, California | 2021 | 10 | 140,000 | Vehicle, expansion planned | |
| 16 | Akasol – Gigafactory 2 | Detroit, Michigan, US | 2021 | 0.4 | 2 | 30,000 | by 2023 |
| 17 | SVOLT | US | 0 | ||||
| 18 | Microvast | Clarksville, Tennessee, US | 2022 | 2 | 0 | Fast charging | |
| Totals | 160.2 | 375.3 | 5,060,000 |
Newly Announced Gigafactories
Along with the existing plants, a spate of announcements have extended the list.
| Company | Where | Initial | Expanded | |||
| Ford | Northeast of Memphis, TN | 2025 | 0 | |||
| Ford & SK Innovation | Glendale, Kentucky | 2025 | 86 | 86 | 1,150,000 | $5.8 billion plant – 3 plants, of 11,000 jobs |
| Ford & SK Innovation | Stanton Kentucky | 2026 | 43 | 43 | 580,000 | Includes new F150 plants, $7b Ford, $4.4 SKI |
| General Motors & LG Chem | Lordstown, OH | 2022 | 100 | 1,340,000 | Expected 1m vehicles | |
| General Motors & LG Energy Solution | Spring Hill, TN | 2023 | 50 | 670,000 | Unknown | |
| General Motors & Posco | TBA | 2024 | 50 | 670,000 | JV with POSCo, $35B planned | |
| General Motors | TBA, maybe Michigan | 2024 | 50 | 670,000 | Anounced 2 more factories | |
| General Motors | Warren, Michigan | 2022 | 50 | 670,000 | Battery Cell | |
| General Motors / MP Materials | Vegas, Nevada, Fort Worth TX | 2022 | 0 | Rare Earth magnets for 0.5m vehicles | ||
| SK Innovation | Commerce, Georgia | 2022 | 9.8 | 100 | 1,340,000 | Planned to be 200GWh by 2025, and 500GWh by 2030 |
| SK Innovation | Northeast of Atlanta, GA | 2023 | 11.7 | 100 | 1,340,000 | |
| Stellantis & LG Energy Solution | TBD | 2024 | 40 | 40 | 540,000 | Stellantis to have 260GWh by 2030 |
| Stellantis & Samsung SDI | TBD | 2025 | 23 | 40 | 540,000 | Start in 2025, Stellantis €30 billion |
| Toyota | Southeast of Greensboro, NC | 2025 | 10 | 60 | 800,000 | Enough for 200,00 vehicles, expand to 1.2m pa |
| Volkswagen | Chattanooga, TN | TBD | ||||
| Total | 223.5 | 769 | 10,310,000 |
What is a Gigafactory
A gigafactory is a coined expression from Tesla who suggest that the factory is the technology. A driving down of costs of batteries to well under $100/kw means an electric vehicle will be cheaper than an internal combustion vehicle.
Investment in the U.S. was increased from $1.67 billion (for the 1st plant) to $2.5 billion (two plants).
USA Battery Gigafactories by Syrah Resources (SYR:ASX)
Ioneer Graphic of USA Battery Gigafactories
