New Arizona factory to add $330M to economy making elements for 470K electric cars yearly
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- (Last Updated On: April 19, 2023)
A small town in Yuma County will be the new home of the only cobalt processing facility in North America and will bring hundreds of jobs to the county.
Evelution Energy plans to develop a solar-powered, carbon-neutral facility to process cobalt sulfate for electric vehicle batteries. Construction is expected to begin next year with completion projected in 2025 or 2026.