Connect with us

Hi, what are you looking for?

Investing

EnerSys says it is ‘exploring’ U.S. battery plant with French battery maker

Battery maker EnerSys ENS said late Wednesday it is “exploring” the development of a battery factory in the U.S. alongside French battery maker Verkor SAS. The two companies are developing plans and evaluating potential locations and funding, EnerSys said. “Establishing a U.S. lithium-ion cell supply is a critical element of our supply chain strategy,” EnerSys Chief Executive David M. Shaffer said in a statement. “This U.S. factory will help us meet our customers’ needs, including those with specific manufacturing requirements for domestic sourced batteries.” The broad Inflation Reduction Act, signed into law in August,…

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

News

Introduction Duluth Trading (NASDAQ:DLTH) surprised a lot of investors with their results, sending the share price up nearly 20% following the release of their...

News

This week’s Fed meeting is extraordinary, and it could shock investors in a way we haven’t seen since 2008. So, I’m doing the weekly...