EnerSys Joins Hands With Verkor To Open Lithium Battery Factory In US
Portfolio Pulse from Lekha Gupta
EnerSys has signed a non-binding Memorandum of Understanding with Verkor SAS to explore the development of a lithium battery gigafactory in the US. The companies are planning, searching for a location, and evaluating funding options for the facility. EnerSys aims to enhance lithium-ion battery production across various end markets and applications.

June 15, 2023 | 9:43 am
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EnerSys partners with Verkor SAS to develop a lithium battery gigafactory in the US, aiming to enhance lithium-ion battery production across various end markets and applications.
The partnership with Verkor SAS will help EnerSys optimize cell sizing in battery solutions for its customers and meet their specific manufacturing needs for domestically sourced batteries. This will likely have a positive impact on EnerSys' stock price in the short term as it demonstrates the company's commitment to driving the global clean energy transition and expanding its lithium-ion battery production capabilities.
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