New Battery Plant for Hybrid and Battery Electric Cars
More hybrid and battery electric powered cars are being built and the need for the batteries that power those automobiles is growing.
Lithium-ion battery manufacturer EnerDel announced today it will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications. Backed by a mix of private funds and public incentives, the new facilities will more than double EnerDel’s U.S. production capacity and create 1,400 new jobs.
Whether it is the desire to be environmentally responsible or just to save on gas more consumers are looking for alternative fuel vehicles. In 2008 both Ford and Toyota underestimated the demand for hybrid vehicles and the battery shortage caused a bottleneck in production. A new battery supply company is certainly welcome and as the market recovers they will be poised to fulfill the demand that will take place.