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EV battery joint ventures and gigafactories

13 articles

BlueOval City

BlueOval City is a Ford and SK vehicle and battery manufacturing campus in Stanton, Tennessee, announced in 2021 as a $5.6 billion investment with about 6,000 jobs.

BlueOval SK

BlueOval SK was a joint venture of Ford and SK On, formed in 2022 to build EV battery plants in Tennessee and Kentucky; it dissolved in December 2025.

Gigafactory

A gigafactory is a very large plant producing lithium-ion battery cells, battery materials, or electric vehicles at gigawatt-hour scale, a term popularized by Tesla and now used industry-wide.

Gigafactory Texas

Gigafactory Texas, also called Giga Texas, is Tesla's vehicle and battery cell plant in Austin, Texas, opened in 2022, where it builds the Model Y and Cybertruck.

HL-GA Battery Company LLC

HL-GA Battery Company LLC is a Hyundai Motor Group and LG Energy Solution joint venture formed in 2023 to build a 30 GWh battery cell plant in Bryan County, Georgia.

NextStar Energy

NextStar Energy is a battery manufacturer in Windsor, Ontario, founded in 2022 as a Stellantis and LG Energy Solution joint venture and wholly owned by LG since February 2026.

PowerCo

PowerCo SE is Volkswagen Group's wholly owned battery company, producing Unified battery cells for electric vehicles, with gigafactories in Salzgitter, Valencia, and St. Thomas, Canada.

Prime Planet Energy & Solutions

Prime Planet Energy & Solutions (PPES) is a joint venture of Toyota, which holds 51 percent, and Panasonic, founded in 2020 to make automotive prismatic lithium-ion batteries.

Primearth EV Energy

Primearth EV Energy (PEVE) was a Japanese automotive battery maker founded in 1996 as a Toyota–Panasonic joint venture; it was renamed TOYOTA BATTERY in 2024.

PT HLI Green Power

PT HLI Green Power is an Indonesian lithium-ion EV battery cell manufacturer in Karawang, West Java, a joint venture of Hyundai and LG Energy Solution producing since 2024.

StarPlus Energy

StarPlus Energy is a joint venture of Stellantis and Samsung SDI, formed in 2022 to build two battery plants in Kokomo, Indiana, backed by over $6.3 billion in investment and a $7.54 billion federal loan.

Toyota Battery Manufacturing North Carolina

Toyota Battery Manufacturing North Carolina is a lithium-ion battery plant in Liberty, North Carolina, Toyota's first battery plant outside Japan, which began production in 2025.

Ultium Cells Holdings LLC

Ultium Cells Holdings LLC is a Delaware holding company that wholly owns Ultium Cells LLC, the joint venture of General Motors and LG Energy Solution making electric vehicle battery cells.