LG Energy Solution to Invest $5.5 Billion in New Battery Plants in the US

The facility will manufacture batteries for EVs and energy storage systems

March 27, 2023

/ Arjun Joshi
/ Energy Storage, Finance and M&A
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Battery manufacturer LG Energy Solution plans to invest roughly KRW 7.2 trillion (~$5.5 billion) to build a battery manufacturing complex in Arizona, United States. The current investment is more than four times the amount LG had initially announced last year to manufacture cylindrical EV batteries in the same location.

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Arjun Joshi

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