Valence Technology may build new battery plant
Our curiosity was quickly rewarded by an article in the Austin American Statesman that says that Valence is considering building a new battery plant either in America or Europe. It has been making its batteries at two facilities in China but with Tanfield (Smith Electric's parent company) and other customers asking about a U.S. factory and the possibility of government funding becoming available via the stimulus package, it is considering bringing production closer to home. They are hedging a little, mentioning Europe as a possible location as well, but it does seem they will thoroughly investigate the American option first. It is widely thought that increased domestic production of lithium ion batteries would be strategically prudent and, besides that, we could use the jobs.
[Source: Austin American Statesman]
- Our favorite reveals from the LA Auto Show
- You can probably get a great deal on a new Fiat
- 2016 Holiday Gift Guide
- Is it time to buy a Pontiac Aztek?
- Fastest-depreciating cars in the United States
- Most and least efficient car companies