LG Energy Solution Breaks Ground on US Factory

LG Energy Solution’s new US battery production complex in Arizona will be completed within two years. The facility, which will cost 5.5 billion US dollars to build, will comprise two production sites. These will be the company’s first stand-alone round cell manufacturing and energy storage system manufacturing facility in North America. The energy storage systems will be based on lithium iron phosphate (LFP) chemistry, while 46-series round cells will be produced for electric vehicles.

The average annual production capacity is expected to be 53-gigawatt hours at total operating capacity. Of this amount, 36-gigawatt hours will be accounted for by round cells and 17-gigawatt hours by battery cells for energy storage systems. Completing the construction work will allow both plants to start production in 2026.

The company plans to start the first mass production of 46 series batteries at the Ochang plant in Korea in the second half of this year, which is the earliest time among major global battery manufacturers.

Source: https://www.businesskorea.co.kr/news/articleView.html?idxno=214500

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