Why Is Deespaek Battery Expanding Its North American Manufacturing?
Deespaek Battery is expanding its North American manufacturing to capitalize on rising EV demand, leverage U.S. incentives, and reduce supply chain risks. The $2.1 billion investment includes two new gigafactories in Texas and Michigan, aiming to boost lithium-ion battery production by 40% by 2026. This strategic move aligns with the Inflation Reduction Act’s push for … Read more