Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe, but may face a bigger challenge finding enough battery raw materials as they plan to manufacture electric vehicles.

Teaming with its battery partner, SK Innovation of South Korea, Ford said that it will spend $5.6 billion in Stanton, Tennessee, where it will build a factory to produce electric F-Series pickups.

The company is in talks with automakers to supply batteries manufactured at its potential U.S. factory. It might invest $2.62 billion to manufacture batteries for Stellantis and $870 million for Rivian.

Nissan has confirmed its plan to build an electric vehicle Gigafactory in the UK through Nissan EV36Zero, a £1bn Electric Vehicle (EV) Hub creating a world-first EV manufacturing ecosystem.

The companies will manufacture battery cells for industrial applications. The batteries provide high power output and recharge quickly, making them suitable for heavy machinery or power grid.

According to Reuters, General Motors will increase spending on autonomous and electric vehicles to $35 billion by 2025 through a 30% jump in the company’s spending as it aims for leadership in EVs.

According to the Investment minister of Indonesia, the state-owned Indonesia Battery Corporation and South Korea's LG will set up a new battery plant with a capacity of 10 GWh, worth $1.2 billion.

Ford and SK Innovation have recently announced that they have signed an MoU for creating a joint venture for an annual production of 60 GWh in array modules and traction battery cells.

Toyota Motor Corporation and Suzuki Motor Corporation have concluded a memorandum of understanding (MOU) on moving forward in considering a cooperative structure for introducing electric vehicles (EVs) in the Indian market in around 2020.