Electric vehicle sales are going strong in 2023. Some reports show sales up more than 60% over the same period of 2022.“I think it’s really an unlimited growth path when you talk about these companies and what they can end up doing so very excited about what that means for Fort Worth,” Fort Worth Economic Development Director Robert Sturns said. “Very excited about what it means for Texas.”
46 Ranch Logistics Park in south Fort Worth is where Junchuang North American, Inc. will invest $21 million to build a 55-thousand-square-foot manufacturing facility.In North Fort Worth in the Alliance Innovation Zone, MP Materials manufacturing plant is being built. “They are really producing, they are doing the actual mining of the components to create the magnets that go into the battery,” Sturns said. “So, you really can’t have that, EV production without those magnets.”
Source: Car News Wire (carnewswire.net)
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