Addionics to build $400 mn US facility to make copper anodes for batteries

Israeli battery tech startup Addionics has announced its first manufacturing facility in the United States, as part of its planned $400 million investment into three-phase multi-factory roadmap to support domestic EV battery production in the country. 

With site selection for the first factory in the final stages, the plant will also be the world's first gigafactory-grade facility for '3D Current Collector' copper foil production to support 90 GWh of battery capacity annually, the company claims. 

The first facility is expected to begin production in 2027, with additional plants expected to be completed by 2032. The three-phase, multi-factory plan will reduce the overall cost of batteries in the country and strengthen the battery supply chain and local production, adds Addionics. 

"The ability to manufacture cost-effective high-performance batteries at scale is the biggest challenge facing the EV industry today," said Dr. Moshiel Biton, CEO and Co-Founder of Addionics. 

"The new U.S. facility will be our largest manufacturing facility to date, and will be able to support and accelerate the local production of the next generation of batteries that are powering the EV and electrified future", he added. 

Addionics claims that its '3D Current Collectors' have emerged as the new industry standard for the next generation of batteries, delivering superior energy density, higher power, faster charging times, and a longer lifespan compared to traditional batteries, at a lower cost.

Udi Chatow, VP of Manufacturing at Addionics, commented, "U.S. automakers are eager to bring the next wave of EVs to market at a price point to compete with gas-powered models". 

He further added, "The gap between market demand for high-performance low-cost batteries and what is being produced domestically is widening, and we are excited to be a part of the solution to bring domestic battery supply in line with demand."