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LG Energy Solution will build lithium-ion battery plants in the U.
S.
and Canada
On March 23, LG Energy Solution said it plans to invest 1.
7 trillion won (about $1.
4 billion) by 2024 to build a battery factory in Arizona, USA, to meet the needs of "well-known start-ups" and other North American customers
.
LG Energy Solution says it will be its first plant in the U.
S.
to produce columnar batteries, which are already used in Tesla and Lucid cars
.
Construction work will begin in the second quarter of 2022 and large-scale production will begin in 2024 with a capacity of 11 GWh
.
On the same day, LG New Energy, Strantis and the Canadian government held an investment conference in Windsor, Ontario, Canada, and announced plans
to build a lithium battery joint venture factory in Canada.
The joint venture plant will be located in Windsor, Ontario, Canada, with a total investment of KRW 4.
8 trillion, and mass production
is scheduled to begin in the first half of 2024 after construction starts in the second half of this year.
The new plant will have a capacity of 45 GWh (as of 2026).
The two companies will build not only a battery factory, but also a module production line
.
