• Home
  • News
    • Air Mobility
    • Commercial vehicles
    • Battery
    • Sales
    • Charging
    • Industry
    • China
    • Autonomous
    • Concept
    • Conversion
    • Green Energy
    • Hydrogen
    • Industry
    • Formula E
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Ownership Experience
    • Price
  • Events
  • Advertising
  • Contact
EVMagz
SUBSCRIBE
No Result
View All Result
  • Home
  • News
    • Air Mobility
    • Commercial vehicles
    • Battery
    • Sales
    • Charging
    • Industry
    • China
    • Autonomous
    • Concept
    • Conversion
    • Green Energy
    • Hydrogen
    • Industry
    • Formula E
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Ownership Experience
    • Price
  • Events
  • Advertising
  • Contact
EVMagz
SUBSCRIBE
No Result
View All Result
EVMagz
No Result
View All Result

LG Energy Solution (LGES) announced another battery factory in North America

by Andy Williams
March 29, 2022
in Battery, Industry, News
0
LG Energy Solution 750x375 - LG Energy Solution (LGES) announced another battery factory in North America
138
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

LG Energy Solution (LGES), a supplier to electric car makers Tesla and Lucid, said it plans to invest 1.3 billion euros to build a battery plant in Arizona by 2024.

This was done in order to meet the demands of “leading startups” and other North American customers.
It will be the first US factory to make cylindrical cells, the type of battery already used in Tesla and Lucid vehicles, LGES said.

Construction will begin in the second quarter of 2022, with mass production set to begin in 2024 with a production capacity of 11 gigawatt hours, LGES said in a statement.

Previously, Reuters reported that potential customers would include EV makers Tesla, Lucid and Proterra as well as Philip Morris PM.N. The report cites people familiar with the matter.

See also: Stellantis and LG to invest $4.1 billion for electric vehicle battery manufacturing facility in Canada

LGES said in a statement that it plans to consider securing additional production capacity at the Arizona plant in the future.

“The Arizona plant may add further production capacity in the future as we see increasing demand for cylindrical batteries from a wide range of customers, including automakers and power tool makers,” said an official at LGES.

Tesla Chief Executive Officer Elon Musk said battery production would be a “limiting factor” for vehicle production in two to three years. He has asked suppliers to increase production, while Tesla is starting to build its own cells.

LGES, raised more than US$10 billion in an initial public offering in Korea in January. LGES has previously announced a series of battery joint ventures with GM and Stellantis in the United States and Canada.

Google News icon Follow EVMagz on Google News
Donate
Source: Reuters
Tags: Batterieselectric carelectric vehicleKoreaLGLucid
Previous Post

Tesla plans to stock split, so it can pay a stock dividend to shareholders

Next Post

Everything You should know about Stark Varg specifications

Andy Williams

Andy Williams

Andy has been covering the electric vehicle scene since 2010. Have passion in battery tech and autonomous technology.

Next Post
stark varg electric motorcycle 75x75 - LG Energy Solution (LGES) announced another battery factory in North America

Everything You should know about Stark Varg specifications

Discussion about this post

Support Our Work

Join us in advancing sustainable transportation! Support EVMagz by donating today. Your contribution helps us provide accurate and up-to-date info on electric vehicles and sustainable mobility.

Donate
  • Trending
  • Comments
  • Latest
Rivian R1T 120x86 - LG Energy Solution (LGES) announced another battery factory in North America

Rivian’s First Customer R1T Truck Equipped with In-House Enduro Drive Unit Rolls Off Production Line

May 26, 2023
nio es6 120x86 - LG Energy Solution (LGES) announced another battery factory in North America

Nio Launches New Edition of ES6 on the NT 2.0 Platform in China

May 27, 2023
2022 Hyundai Ioniq 5 9 - LG Energy Solution (LGES) announced another battery factory in North America

Hyundai Slashes Lease Prices for Ioniq 5 and Ioniq 6, Making them More Affordable than Tesla Model 3

May 27, 2023
bmw i7 2023 120x86 - LG Energy Solution (LGES) announced another battery factory in North America

BMW Unveils New BMW i7 eDrive50 with Impressive Range and Power

May 27, 2023
ford mustang mach e usa min 120x86 - LG Energy Solution (LGES) announced another battery factory in North America

Ford CEO Identifies Chinese Electric Vehicle Makers as Main Competitors, Citing Hurdles in Cost and Scale

May 27, 2023
Hyundai Ioniq 6 electric sedan

Hyundai CEO Highlights Surging US EV Leases as Buyers Capitalize on IRA Tax Credit

May 27, 2023
Tesla Supercharging 120x86 - LG Energy Solution (LGES) announced another battery factory in North America

Ford Partners with Tesla to Access Tesla’s Network of 12,000 Superchargers in North America

May 27, 2023
VinFast VF 8 All Electric SUV 120x86 - LG Energy Solution (LGES) announced another battery factory in North America

VinFast Initiates Recall of Initial Batch of Electric Vehicles in the United States Following Safety Warning

May 27, 2023
Exhaust Car 120x86 - LG Energy Solution (LGES) announced another battery factory in North America

California Requests EPA’s Approval for Waiver to Implement 2035 Ban on Internal Combustion Engine Vehicle Sales

May 27, 2023
Hyundai eVtol 120x86 - LG Energy Solution (LGES) announced another battery factory in North America

Hyundai Confidently Pursues Future of Mobility with Planned Launch of eVTOL Vehicle Cabin Concept by 2030

May 27, 2023

Tags

Automotive autonom Autonomous Batteries Battery BYD Charging charging station China Commercial Vehicle company Concept Electric Bus electric car electric motor Electric Truck electric vehicle electric vehicles Energy Europe Fast Charging Fleet Germany Hybrid Hydrogen Hyundai infrastructure Invest lithium Lithium-ion performance platform Price Production Range Sales Software Specification Specifications Supply Chain Sustainable technology Tesla Truck Volkswagen

About EVMagz

EVMagz is a website focused on reporting on electric vehicles industry. The site was officially launched at the end of 2021 and in a short period of time, with the expertise of the team, it has quickly become the website of choice for many people to get news about the electric vehicles.

  • Home
  • About Us
  • Advertising
  • Support EVMagz
  • Newsletter
  • Privacy Policy
  • Cookie Policy
  • Contact

Browse by Tag

Automotive autonom Autonomous Batteries Battery BYD Charging charging station China Commercial Vehicle company Concept Electric Bus electric car electric motor Electric Truck electric vehicle electric vehicles Energy Europe Fast Charging Fleet Germany Hybrid Hydrogen Hyundai infrastructure Invest lithium Lithium-ion performance platform Price Production Range Sales Software Specification Specifications Supply Chain Sustainable technology Tesla Truck Volkswagen

Networks

  • EnergyMagz
  • Smashfreakz
  • Teknowire

© 2023 Develop by EVMagz.

No Result
View All Result
  • News
    • Software
    • Autonomous
    • Battery
    • Charging
    • China
    • Commercial vehicles
    • Concept
    • Green Energy
    • Industry
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Politics
    • Rumors
    • Safety
    • Sales
    • Technology
  • Brand
    • Audi
    • BMW
    • BYD
    • Chevrolet
    • Chrysler
    • Citroen
    • Dacia
    • Daihatsu
    • Ford
    • Geely
    • Honda
    • Huawei
    • Hyundai
    • Kawasaki
    • KIA
    • Lexus
    • Lotus
    • Lucid
    • Mazda
    • Mercedes-Benz
    • Mitsubishi
    • NIO
    • Nissan
    • Polestar
    • Porsche
    • Renault
    • Rivian
    • Rolls-Royce
    • Sony
    • Subaru
    • Suzuki
    • Tesla
    • Toyota
    • VinFast
    • Volkswagen
    • Volvo
    • Wuling
    • XPeng
  • Guides
  • Sports
    • Formula E
    • MotoE
    • Rally1
  • Photos
  • Videos

© 2023 Develop by EVMagz.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Hey Friend! Get the latest electric vehicles news straight into your inbox!

Don't worry, we don't spam

Close this popup