Friday, June 14, 2024
HomeAssociations$2 billion battery factory coming to Chicago

$2 billion battery factory coming to Chicago

Gotion recently held a groundbreaking to launch construction of a new $2 billion lithium battery plant in Manteno.“In partnership with the business community and the General Assembly, two years ago we set out to make Illinois a destination for electric vehicle and clean energy companies from across the globe,” Gov. JB Pritzker said in a statement. “With the right incentives, nation-leading infrastructure, world-class workforce, and booming clean energy production, we have transformed ourselves into an attractive location for global manufacturers.”

This is the largest EV battery production investment in Illinois to date, and the most significant manufacturing investment in Illinois in decades.
The Reimagining Energy and Vehicles Act, signed into law in 2021, provided essential incentives to secure this deal, including funds from the Invest in Illinois business closing fund championed by Governor Pritzker this year.
Once production begins, the plant will create a key supply chain line for electric vehicle manufacturing and expansion in Illinois and across the region, aiding in EV expansion and adoption as Illinois continues to work towards the  goal of putting one million EV’s on the road by 2030.
- Advertisment -

Most Popular

Recent Comments