UPDATED. 2024-06-21 07:30 (금)
LG Energy starts construction of 2nd factory in the US
LG Energy starts construction of 2nd factory in the US
  • Stan Lee
  • 승인 2024.04.05 09:31
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Arizona plant to manufacture cylindrical and ESS batteries
Image: LG Energy Solution
Image: LG Energy Solution

LG Energy Solution said on Thursday that it has started construction of its new battery factory in the state of Arizona, which it will spend 7.2 trillion won.

It is the second factory it is building on its own in North America. The plant will manufacture cylindrical batteries aimed at electric vehicles as well as lithium iron phosphate (LFP) batteries for energy storage systems (ESS).

The factory go live in 2026 with an annual capacity of 53GWh, 36GWh for cylindrical batteries, and 17GWh for ESS LFP batteries.

The cylindrical batteries will be 46mm in diameter __ LG Energy Solution is planning to start 4680 batteries in Ochang, South Korea, later this year as well.

Meanwhile, LG Energy Solution is currently building a battery plant in Michigan.

It already operates two factories jointly with customer General Motors. It is also collaborating with Stellantis, Honda, and Hyundai Motor to build joint factories.

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