October 27

The EV Battery Boom Is Here, With Manufacturers Investing Billions in Midwest Factories

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Last week, Michigan Gov. Gretchen Whitmer held a ceremonial ribbon-cutting at the headquarters of Our Next Energy, a battery manufacturing startup in Novi, a Detroit suburb.

This is an increasingly common scene as demand for electric vehicles is leading to an expansion of U.S. battery manufacturing on a scale so large that it’s almost difficult to comprehend.

Our Next Energy, or ONE, plans to spend $1.6 billion on a new plant in Novi that would employ more than 2,000 people. The company, co-founded by a former Ford engineer, is providing batteries to BMW, among others.

But that’s not even the biggest battery-related announcement in Michigan this month.


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