VFBATTERY REPORT

Industry Value Chain

Pages 21–49 (29 pages)

Battery Report 2025, page 40: Industry Value Chain
Text on page 40

Cancelled Gigafactory Plans

With partner Posco Future M paused Canadian CAM plant expansion leading to Vale withdrawing from planned nickel sulfate plant

Subsidiary in Quebec: Although the bankruptcy of the Swedish parent company in 2024 put this project in a precarious position, it was still a go until September 2025 when the Quebec government pulled funding

The Stellantis-backed ACC joint venture is close to "definitely giving up" plans for a gigafactory plant in eastern Italy

Paused plans for a $1.6 billion gigafactory in Florence, South Carolina citing market uncertainty

Source: Company announcements

Plans for a $1.4 billion gigafactory in North Carolina has been canceled due to closure

Abandoned plans for a $2.4 billion gigafactory in Big Rapids, Michigan, due to intense community opposition and lawsuits

Cancelled plans for a $1.25 billion gigafactory in Buckeye, Arizona, citing construction costs and market uncertainties

Cancelled plans for a $2.6 billion gigafactory in Georgia citing interest rates and falling battery prices

Extracted from the PDF; charts and images may read imperfectly.

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