American Battery Factory Inc. said on March 9, 2022 that it is developing a network of lithium-iron phosphate (LFP) battery cell factories in the USA.
The American Fork, Utah company said almost 80% of LFP battery manufacturing takes place in China. It said USA-made cells are needed for energy storage and to meet federal and state domestic-content rules.
Key details
- ABF plans to make prismatic LFP cells, which contain no cobalt or nickel.
- Each factory is expected to create 300 to 1,000 jobs, the company said.
- The first site and supply agreements were to be announced in the following months.
- Target markets include grid storage, industrial and commercial uses, some electric vehicles, and military and government buyers with U.S.-made requirements.
- ABF was incubated inside Lion Energy, a Utah energy storage company.
“Each factory we build will create an estimated 300 to 1,000 quality jobs.”
Zhenfang “Jim” Ge, chairman, American Battery Factory
FAQ
What will ABF make?
Prismatic lithium-iron phosphate battery cells.
Where is the company based?
American Fork, Utah.
How many jobs per factory?
An estimated 300 to 1,000, the company said.
Source & credit
Source: American Battery Factory via PR Newswire, March 9, 2022: “American Battery Factory Developing First Network of Lithium-Iron Phosphate Battery Giga-Factories in United States”.