The Mangat Group, a Glendale, Ariz.–based land development group, has agreed to sell a desirable 214-acre property located in the city of Buckeye, Ariz., to KORE Power, the leading U.S.-based developer of battery cell technology for the energy storage and electric transportation industries. KORE Power intends to use the property as the location for its new KOREplex facility, the first lithium-ion battery manufacturing facility wholly owned by a U.S. company.
The $1 billion project plans to break ground on the 1 million-square-foot facility, the KOREPlex, by the end of the year. It aims to be completed and start production by the second-quarter 2023 start of production.
“We needed a location for our factory that had a track record of supporting energy storage, a growing clean transportation sector, and a workforce that could deliver American-made battery technology that the supply chain so desperately needs,” said Lindsay Gorrill, KORE Power CEO. “Arizona hit a