LGES to Construct $5.5 bn Battery Plant in Arizona
The objective of LGES is to step up EV and also ESS battery production in The United States and Canada. The complicated will certainly have two different production facilities: cylindrical batteries for EVs as well as lithium iron phosphate (LFP) pouch-type batteries for energy storage systems.
Mar 27, 2023 // Markets & Finance News, Storage, LG Energy Solution, Youngsoo Kwon, cylindrical battery, Inflation Reduction Act, LGES, largest standalone battery factory in USA, North America battery market, Queen Creek battery factory by LG
Honda and LG Energy Start Multi-Billion EV Battery Plant in Fayette County, Ohio
Honda and LG Energy Solution have announced the construction of a joint venture electric vehicle battery plant in Fayette County, Ohio. The two companies have committed to invest $3.5 billion in the new facility, with an overall investment reaching $4.4 billion. The aim is to reach an annual production capacity of 40 GWh.
Mar 1, 2023 // Storage, honda, EV, LG Energy Solutions, LGES, Toshihiro Mibe, Dong-Myung Kim, electric vehicle battery plant, Jon Husted, Mike DeWine, Robert H. Lee
Hanwha, LGES plan to invest in battery manufacturing facilities in US
Hanwha Group and lithium-ion battery maker LG Energy Solution Ltd (KRX:373220), or LGES, will make joint investment in energy storage system(ESS) battery manufacturing facilities in the US, both South Korean business stated today in separate announcements.
Jan 16, 2023 // Markets & Finance News, Storage, USA, North America, hanwha group, LGES