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Lg Energy Increases Battery Production In The U.S. With $1.4B Investment

03/24/22, 12:50 AM

Money raised

$1.4 billion

Industry

natural resources

energy

sustainability

software

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.

Company Info

Company

Lg Energy Solution

Additional Info

LG Energy Solution (KRX: 373220) is a global leader delivering advanced lithium-ion batteries for Electric Vehicles (EV), Mobility & IT applications, and Energy Storage Systems (ESS). With 30 years of experience in advanced battery technology, it continues to grow rapidly towards the realization of sustainable life. With its robust global network that spans the US, Europe, Asia, and Australia, LG Energy Solution is more committed than ever to developing innovative technologies that will bring the future energy a step closer. Under its ESG vision "We CHARGE toward a better future," LG Energy Solution is doing its utmost to prioritize environment, fulfil social responsibilities and shape sustainable future. For more information, please visit https://www.lgensol.com.

Company news

Wed, 04 Oct 2023 07:00:00 GMT

LG Energy Solution and Toyota Sign Long-term Battery Supply Agreement to Power Electric Vehicles in the U.S. - PR Newswire

Thu, 26 Sep 2024 22:01:18 GMT

Hyundai Motor Group and LG Energy Solution to Invest Additional $2B in Bryan County - Georgia Department of Economic Development

Tue, 11 Oct 2022 07:00:00 GMT

Honda and LG Energy Solution Announce Ohio as Home to Joint Venture EV Battery Plant - Honda Newsroom

Tue, 14 Dec 2021 08:00:00 GMT

Li-Cycle, LG Chem and LG Energy Solution Enter into Letter of Intent for Milestone Closed Loop Commercial Arrangement - Business Wire

Fri, 03 Mar 2023 08:00:00 GMT

LG Energy Solution and Honda Break Ground for New Joint Venture EV Battery Plant in Ohio - AltEnergyMag

Mon, 07 Mar 2022 08:00:00 GMT

LG Energy Solution obtains license from CAMX Power for its GEMX® advanced cathode material platform for Lithium-ion batteries - The Korea Herald

Wed, 16 Jun 2021 16:01:26 GMT

LG Energy Solution’s New TR1300 Operational at World’s Largest Utility-Scale Battery Energy Storage Project - MultiVu

Tue, 08 Jun 2021 07:00:00 GMT

LG Energy Solution Presents Innovative Battery Technology and ESG Initiatives at InterBattery 2021 - PR Newswire

Mon, 29 Aug 2022 07:00:00 GMT

LG Energy Solution and Honda to Form Joint Venture for EV Battery Production in the U.S. - Honda Newsroom

Thu, 21 Apr 2022 07:00:00 GMT

Li-Cycle Completes Commercial Agreements with LG Chem and LG Energy Solution, who have Recognized Li-Cycle as their Preferred Lithium-ion Battery Recycling Partner in North America - Business Wire

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