
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.