– LG Energy Solution is constructing two new battery manufacturing facilities in Arizona for EVs and energy storage systems
– The company is investing $5.5 billion in the construction of the facilities, with completion expected in two years
– Once operational, the complex will have an annual production capacity of 53 GWh and is projected to create several thousand new jobs in the area
LG Energy Solution has begun construction on a $5.5 billion battery manufacturing complex in Arizona, with two factories expected to produce batteries for electric vehicles and energy storage systems. The cylindrical battery plant, LG Energy Solution Arizona, will produce 46-Series batteries for EVs, with plans to start mass production in Korea later this year. The ESS battery facility, LG Energy Solution Arizona ESS, will produce lithium iron phosphate pouch-type batteries for energy storage systems, targeting the growing demand in the U.S. market due to clean energy policies.
The complex is expected to have an annual production capacity of 53 GWh, with the cylindrical battery facility set to be completed by late 2025 and the ESS battery facility in 2026. LG Energy Solution plans to hire and train a high-quality workforce for the manufacturing complex, creating thousands of new jobs in the area. The company sees Arizona as an ideal location for green energy infrastructure due to its abundant solar energy resources.
LG Energy Solution also has facilities in Michigan and joint ventures with major automakers in the U.S. as part of its efforts to provide environmentally-friendly batteries for the clean energy transition in the country. The company aims to be a significant player in the sustainable energy industry in North America.