Factbox-EV and Battery Makers target $24 Billion for Southern U.S. Plants
Tuesday, October 12th, 2021
The center of gravity for U.S. auto manufacturing is moving south, with electric vehicle and battery makers planning to spend nearly $24 billion in new factories from Arizona to Georgia.
Already announced are the following plants and investments:
ARIZONA
Startup Lucid Motors has just opened a $300 million assembly plant for electric vehicles in Casa Grande, halfway between Phoenix and Tucson. The company says future expansion plans could take total investment up to $1 billion.
Nikola Corp said it is planning a $600 million facility in Coolidge, not far from Casa Grande, to build fuel-cell electric trucks.
Read More at Yahoo! Finance.