Addionics Investing $400M for 3D Copper Foil Manufacturing Plant to Support US EV Battery Production

Feb. 26, 2024
The three-phase, multi-factory plan will produce tens of thousands of tons of 3D copper foil per year to support 90 GWh of battery capacity annually

Addionics, a next-generation battery technologies provider, announced it will invest $400 million to build 3D copper foil manufacturing facilities across the US to support domestic EV battery production.

The company’s first plant is expected to begin production in 2027, with additional plants projected to be commissioned by 2032. The three-phase, multi-factory plan will produce tens of thousands of tons of 3D copper foil per year to support 90 GWh of battery capacity annually.

This represents a significant increase in US copper foil production – a critical battery component that Addionics considers to be a currently underserved segment in the market.

According to Addionics, 3D copper foil provides several benefits to EV batteries, including:

  • Faster charging times and higher discharge rates
  • Minimized formation of “hot spots” that accelerate battery degradation
  • Extended battery lifespan and improved battery safety
  • Greater operating potential in extreme temperature environments

“The ability to manufacture cost-effective, high-performance batteries at scale is the biggest challenge facing the EV industry today,” said Dr. Moshiel Biton, CEO and Co-Founder of Addionics. “The new US facility will be our largest manufacturing facility to date and will be able to support and accelerate the local production of the next generation of batteries that are powering the EV and electrified future.”