LG Energy Solution says to invest $4.5 billion in U.S. battery production through 2025 Reuters 3/11/2021
By David Shepardson and Heekyong Yang
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WASHINGTON/SEOUL (Reuters) - LG Energy Solution said on Thursday it plans to invest more than $4.5 billion in its U.S. battery production business through 2025 and add 4,000 jobs as it considers building at least two new U.S. plants, a company executive told reporters.
The South Korean supplier, a unit of LG Chem, said the investment will result in an additional 70GWh of U.S. battery production capacity. The company declined to say where in the United States it is considering a new battery manufacturing plant, but said it would select the new locations in the first half of the year.
LG Energy Solution To Invest $4 5 Billion In New U S Battery Plants
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LG Energy Solution says to invest $4 5 billion in U S battery production through 2025
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