U.S. battery-making capacity is expected to increase sharply...

U.S. battery-making capacity is expected to increase sharply over the next decade, rising more than sixfold from roughly 60 gigawatt hours of annualized production last year to about 383 gigawatt hours in 2030, according to Benchmark Mineral Intelligence Inc.

Battery-manufacturing giants such as South Korea’s LG Chem Ltd. and SK Innovation Co. are building big factories in the U.S. to expand American production of electric-car batteries. LG Chem is building its factory in Ohio as part of a joint venture with General Motors Co.

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