Automakers are rushing to construct assembly plants and battery-making facilities, pouring billions into new factories
September 6, 2023
STANTON, TN—The U.S. auto industry is accelerating its move south as car companies pour billions of dollars into new factories in Georgia, Kentucky, and Tennessee. Automakers are now rushing to construct assembly plants and battery-making facilities—some sitting on sites the size of 60 football fields.
Underwriters Laboratories (UL), which is officially known as UL Solutions, has now turned its expertise to electric vehicle batteries and charging stations.
WASHINGTON—The U.S. Department of Energy has unveiled a $15.5 billion package of funding and loans primarily focused on retooling existing factories for the transition to electric vehicles.