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KORE Power Names Three Potential Sites for U S Lithium-Ion Battery Manufacturing Facility

Press release content from Business Wire. The AP news staff was not involved in its creation. KORE Power Names Three Potential Sites for U.S. Lithium-Ion Battery Manufacturing Facility May 11, 2021 GMT COEUR D’ALENE, Idaho (BUSINESS WIRE) May 11, 2021 KORE Power, Inc. announced the latest step in its plan to establish the first lithium-ion battery manufacturing facility owned by a U.S. company by narrowing its site search to locations in either Arizona, Florida or Texas. The one million square foot manufacturing facility will support up to 12 gigawatt hours (GWh) of battery cell production to ensure a reliable and independent U.S. supply chain for lithium-ion battery cells that are critical to the future of power grids, electric vehicles and more. The KORE Power executive team has completed its exhaustive research work of the final three sites and is in deliberation based on both the quantitative monetary analysis of each location, as well as an in-depth qualitative evaluation

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