Lg Reconsidering 1 3 Billion Arizona Battery Plant In Light Of Unprecedented Economic Conditions
LGES plans to build an Arizona plant with 11 GWh/year capacity to supply cylinder-type batteries for EVs and electric tools. The company earlier this year announced that construction on the facility was set to begin in the second quarter, with mass production scheduled for the second half of 2024 But the plant may not go ahead. LGES said it is currently reviewing various investment options in light of the “unprecedented economic conditions and investment circumstances in the United States....