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Addionics Invests $400 Million in U.S. EV Plant
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Israeli battery tech startup Addionics is investing $400 million in a U.S. plant to produce anodes for EV batteries, utilizing recycled copper and aiming to enhance EV performance by 30%. The plant's construction will occur in three phases, with an initial cost of $120 million, and is expected to support the production of anodes for about 1 million EVs annually by 2027.
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How might Addionics' investment impact the competitiveness of the U.S. EV battery manufacturing sector?
In what ways could Addionics' technological advancements influence the broader adoption of electric vehicles globally?
What challenges and opportunities could arise from utilizing recycled copper in EV battery production on such a large scale?
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