LG Energy Solution resumes investments in Arizona factory

South Korea’s LG Energy to build $5.6B battery plant in Arizona

The complex announced Friday will consist of two battery plants and mark the largest investment ever for a stand-alone battery-manufacturing facility in North America, LG Energy said.

LG Energy Solution to spend $5.5 billion on U.S. battery plants

LG Energy Solution will invest 7.2 trillion won, or $5.5 billion, building a giant manufacturing complex in Arizona as the electric-car battery maker seeks to speed up production to meet increasing demand for clean cars.

LG Energy Solution to Invest Over $5.5 Billion to Build Battery Plant in US

LG Energy Solution (LGES) said on March 24 that it would proceed with its plan to build a battery manufacturing complex in Arizona, investing 7.2 trillion won ($5.52 billion) to meet the increasing demand for batteries. LGES, one of the world’s largest battery makers, previously said it reviewed the project due to the “unprecedented economic conditions and investment circumstances in the United States.” In a statement on Friday, the Seoul-based …

LG Energy Solution resumes investments in Arizona factory

LG Energy Solution (LGES) said on Friday that it has decided to resume investments to build a cylindrical battery factory in the U.S. state of Arizona, in order to meet the demand of its global clients in the wake of the implementation of the Inflation Reduction Act.

LG Energy Solution to build W7.2tr battery plants in Arizona

LG Energy Solution will invest 7.2 trillion won ($5.6 billion) to build two battery plants in the US to solidify its leadership in the battery value chain in North America, the South Korean battery maker announced Friday. The battery plants will break ground in Queen Creek, Arizona, this year. The company is spending 4.2 trillion won on the first plant to produce cylindrical batteries, which will be supplied to US electric vehicle makers. The co…

LG Energy Solution to Spend $5.5 Billion on US Battery Plants

(Bloomberg) — LG Energy Solution Ltd. will invest 7.2 trillion won ($5.5 billion) building a giant manufacturing complex in Arizona as the electric-car battery maker seeks to speed up production in order to meet rising demand for clean cars.