Founded in 2017, Addionics manufactures Smart 3D Current Collectors, an integral component in next-generation batteries. The collectors change the internal physical structure of the battery, which can significantly improve the performance of any battery regardless of its chemistry. The company now has partnerships with major OEMs and automakers across North America and Europe.
The company today announced a planned $400 million investment into its U.S. manufacturing footprint as part of a multi-year roadmap to support domestic EV battery production.
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The increasing demand for high-performance EV batteries has put unprecedented pressure on battery makers to ramp production and reduce costs. Once completed, the factories will generate 3D copper foils to support 90 GWh of battery capacity annually, an exponential increase in U.S. copper foil production, a critical (and underserved) battery component.
Site selection for the first factory is in the final stages. According to the company, the plant will be the world's first gigafactory-grade facility for 3D Current Collector copper foil production. It will also be the first stage of Addionics' three-phase multi-factory plan to strengthen U.S. battery production.
The first plant is scheduled to begin production in 2027, with additional factories to be completed by 2032. The three-phase multi-factory plan will produce tens of thousands of tons of 3D copper foil per year, reducing the overall cost of batteries in the U.S., strengthening supply chain stability and bolstering domestic battery production.
Addionics CEO and Co-Founder Dr. Moshiel Biton says the ability to manufacture cost-effective high-performance batteries at scale is the biggest challenge facing the EV industry today.
