LG invests 5.5 billion to build batteries
Largest battery manufacturing facility investment in America Metal Tech News - March 30, 2023
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Last updated 4/21/2023 at 4:36am
LG Energy Solution
The new Arizona complex is being built to produce 27 gigawatt-hours of cylindrical batteries for EVs and 16 GWh of LFP pouch-type batteries for energy storage systems per year, with a total annual production capacity reaching 43 GWh.
Top electric vehicle battery manufacturer LG Energy Solution, which supplies Tesla and other automakers, announced on March 24 that it will invest approximately $5.5 billion in a complex in Queen Creek, Arizona. This investment marks the largest ever made for a stand-alone battery manufacturing facility in North America.
Construction of the complex will break ground on two facilities this year;...
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