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LG Energy Solutions’ $5.54 Billion Investment: Pioneering Battery Production in Arizona to Dominate North American EV and ESS Market

LG Energy Solutions is advancing its plans for a battery plant in Arizona, USA, after a year of reassessing the project due to global uncertainty. The investment is approximately $5.54 billion, marking it as the largest ever. The plant will manufacture batteries for electric vehicles and energy storage systems (ESS), including lithium iron phosphate (LFP) batteries, which were predominantly produced in China.

On March 24th, LG Energy Solutions announced that they would construct a new facility in Queen Creek, Arizona, specializing in cylindrical, ESS, and LFP batteries. The production capacity will be 43 gigawatt hours (GWh), establishing it as. . .

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