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Polypore expanding Li-ion battery separator capacity for electric drive vehicles

Polypore International, Inc. has approved additional capital expenditures of approximately $105 million to expand its lithium-ion battery separator capacity for electric drive vehicles (EDVs).

This expansion is expected to be at the its facility in Concord, North Carolina pending final approval in early August of proposed local incentives by the City of Concord and Cabarrus County.

This latest expansion, which is the fifth phase of EDV-targeted expansion announced since August 2009, is expected to begin ramping up in late 2013 and be fully operational in 2014.

Comments

HarveyD

This is an essential expansion for future US made EV batteries.

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