Semcorp To Invest $916 Million To Make EV Battery Components In Ohio

Semcorp plans to invest $916 million in a manufacturing plant in Sidney, Ohio.

By Carandbike Team

1 mins read

Published on May 8, 2022

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Semcorp, a Shanghai-based producer of electric vehicle battery components, plans to invest $916 million in a manufacturing plant in Sidney, Ohio, the company said Thursday. The facility will make separator film for lithium-ion batteries. Semcorp, the trade name of Yunnan Energy New Material Co, said it is the world's largest maker of separator film, a key component in batteries. The company said the Ohio plant will employ nearly 1,200. It did not provide a timeline for construction or production. Sidney is located in western Ohio, about 35 miles north of Dayton. (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

# BEV # Battery Electric Vehicles # Semcorp # Electric Mobility # Auto Industry

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