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Benzinga
Benzinga
Technology
Rachit Vats

This Tesla, Lucid Supplier Is Investing $7.2B In North America To Boost EV Battery Output

South Korea's LG Energy Solution, which counts Tesla Inc (NASDAQ: TSLA) and Lucid Group Inc (NASDAQ: LCID) as customers, is reportedly investing $7.2 billion to build new battery plants in North America including two in the U.S. and one in Canada.

$1.4B Boost For Arizona: LGES plans to pump in $1.4 billion to build a battery factory in Arizona by 2024, Reuters reported on Wednesday, citing the company.

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