Jeff St. John of Canary Media reports that Kore Power has raised $75 million to build lithium-ion battery cells in Arizona.
- The Idaho-based company will use the funding to build a factory in Arizona that will produce 6 gigawatt-hours of lithium ion battery cells per year.
- Kore Power is unique in that it makes its own lithium ion battery cells, rather than relying on joint ventures with international companies.
- The company will also supply its Arizona factory with battery materials produced in the United States.
Read the full article here.