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InsideEVs
InsideEVs
Technology
Mark Kane

LG Energy Solution Announces Cylindrical Battery Plant In U.S.

LG Energy Solution LGES LG Chem Arizona Lucid Nikola North America

LG Chem's LG Energy Solution (LGES) announced a 1.7 trillion KRW ($1.39 billion) investment in a new factory for cylindrical lithium-ion batteries in Queen Creek, Arizona.

It will be the company's first-ever cylindrical-type battery manufacturing plant in North America and also a wholly-owned subsidiary, rather than a joint venture.

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