LG Energy to Invest $3 Billion to Expand its Battery Manufacturing Unit in US

The battery modules manufactured at the unit will be exclusively supplied to Toyota

October 6, 2023

/ Arjun Joshi
/ Energy Storage, Other
thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


Battery manufacturer LG Energy Solution will invest KRW4 trillion (~$3 billion) in its Michigan facility to establish new production lines for battery cells and modules exclusively for Toyota, with completion slated for 2025.

MERCOM Insider

Where clean energy's most influential leaders get their intelligence

Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.

Already have an account? Sign In

Register for free

thumbnail

Arjun Joshi

More articles from Arjun Joshi.
BatteryEVLG Energy SolutionToyota
PREVALL POSTSNEXT

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS