LG Energy Solution to Spend $5.5 Billion on US Battery Plants
Written by Black Hot Fire Network on March 24, 2023
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.Â
The company will spend 4.2 trillion won on a plant with an annual production capacity of 27 gigawatt-hours for cylindrical batteries, enough to power 350,000 electric vehicles a year, the Seoul-based company said in a statement . . .
