It’s putting the final automation touches in place and production will ramp up to hundreds of thousands of cells a month this year with a target of millions by 2026. Beyond reducing the risk of political uncertainty, he said, focusing all the company’s attention on its first plant will help it ensure future factories can be built anywhere and essentially be plug-and-play. The office that issues those loans, though, went dormant under Trump’s first term, and it remains unclear whether it will issue new loans during his second after being very active under former President Joe Biden. Because it lasts much longer than traditional batteries, the technology could also open up a new market for sensors and devices that connect to the internet and improve processes like factory operations.
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