Proterra To Launch EV Battery Factory In South Carolina

by Shivani Kumaresan, Benzinga Staff Writer

December 14, 2021 2:18 PM | 1 min read |

Proterra Inc PTRA plans to open a new EV battery system manufacturing plant in South Carolina.
The new 327,000 square foot plant will produce battery systems for Proterra Powered customers' commercial electric vehicles, including delivery and work trucks, industrial equipment, buses, and more.
Proterra has committed to a minimum investment of at least $76 million, with additional funds planned over several years. The company expects to create about 200 new jobs.
The factory is expected to launch in the second half of 2022.
Proterra's new battery system manufacturing facility will be located at the 42.76-acre Carolina Commerce Center in Greer, South Carolina.
Price Action: PTRA shares are trading lower by 2.86% at $9.02 on the last check Tuesday.

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