LG Chem's LG Energy Solution (LGES) will invest $1.7 billion into its existing, wholly-owned lithium-ion battery cell plant in Holland, Michigan, which was built in 2010.
According to the Michigan Economic Development Corporation (MEDC), the investment will quintuple the plant’s capacity, as well as create an additional 1,200 jobs (on top of almost 1,500 now).
The exact output in GWh/year has not been disclosed, but we heard that currently, it's 5 GWh/year.
