LG Energy increases battery production in the U.S. with $1.4B investment
https://techcrunch.com/2022/03/23/lg-energy-increases-battery-production-in-the-u-s-with-1-4b-investment/
South Korea’s LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to build a cylindrical battery plant in Queen Creek, Arizona.
The move is a clear indication that LG Energy is increasing its presence in the United States. In January, the company said it plans to spend $2.1 billion with General Motors to build a third joint EV battery plant in the U.S. Last year, Stellantis also reached a deal with LG to produce battery cells and modules in North America.
LG Energy increases battery production in the U.S. with $1.4B investment
Mar 24, 2022, 1:18am UTC
https://techcrunch.com/2022/03/23/lg-energy-increases-battery-production-in-the-u-s-with-1-4b-investment/
> South Korea’s LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to build a cylindrical battery plant in Queen Creek, Arizona.
> The move is a clear indication that LG Energy is increasing its presence in the United States. In January, the company said it plans to spend $2.1 billion with General Motors to build a third joint EV battery plant in the U.S. Last year, Stellantis also reached a deal with LG to produce battery cells and modules in North America.