LG targets more than 110GWh of total battery production capacity in US

Read the full story at Energy Storage News.

LG Energy Solution has announced plans to invest in significantly increased production capacity within the US for batteries to be used in electric vehicles (EVs) and energy storage systems (ESS).

The South Korea-headquartered company, recently spun out of parent company LG Chem’s brand towards the end of last year, said it will invest more than US$4.5 billion between now and 2025 into its US business to push forward with the expansion. LG Energy Solution said new plans could add as much as 70GWh of annual production capacity, which along with existing and already-announced new facilities under development would bring the company’s annual production capacity in the US to more than 110GWh.

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