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National & World Ag News Headlines |
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Deere to Increase its Battery Manufacturing Unit
USAgNet - 09/27/2022
Deere & Company announced its next steps in meeting the growing demand for batteries as a sole- or hybrid-propulsion system. In addition to the production facility in Austria, John Deere is making an immediate investment in two additional locations to
increase the production capacity expansion of Kreisel Electric - the battery technology pioneer in which John Deere recently acquired majority ownership.
Farm Equipment magazine reports that the significant capital commitment will bring an increase of over 2 GWh to Kreisel battery production capacity, beginning with the opening of a new facility at the John Deere Saran factory - the primary manufacturing
location for John Deere engines in the European Union.
In parallel with this project, John Deere will also invest in battery assembly in the United States to support the growth of its customers and John Deere products.
By leveraging the established expertise at the Saran facility, Kreisel will have access to world-class supply chain management, manufacturing engineering, quality assurance, logistics coordination and cutting-edge automation solutions. The funds from the
investment will primarily be deployed within the mobile commercial and industrial solutions as well as the charging infrastructure division of Kreisel.
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