LG Energy Solution on Friday announced a $5.5-billion battery manufacturing complex in Queen Creek, Arizona. The company claims the plant will be the largest battery-making investment in the U.S. to date.
The complex will consist of two manufacturing facilities—one for 2170-format cylindrical battery cells for EVs, and another for pouch-type cells for energy storage systems. The latter will use a lithium iron phosphate (LFP) chemistry.
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The investment will be split, with $3.2 billion going toward the EV battery facility and $2.3 billion for the energy storage LFP battery facility. LG Energy Solution plans to break ground on both later this year, and start production of EV battery cells in 2025, with a targeted annual production capacity of 27 gigawatt-hours. Energy storage cell production is scheduled to start in 2026. LG is targeting production of 16 gigawatt-hours…
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