LG New Energy plans to build this factory in Arizona, the investment will reach 1.7 trillion won, equivalent to about 1.4 billion US dollars. After completion, it will mainly be used to meet the needs of well-known companies and other North American customers, but they did not announce specific details. client.
The factory announced by LG New Energy will be their first cylindrical battery factory in the United States. Tesla and Lucid are currently using cylindrical batteries.
According to the plan, LG New Energy's new plant in Arizona will start construction in the second quarter of this year and is planned to be put into operation in 2024, with a planned annual production capacity of 11 GWh.
The plant in Arizona is the second new plant LG New Energy announced this month. Last week, foreign media reported that LG New Energy and Hyundai Motor have agreed to set up a joint venture battery company in Indonesia, which is expected to be operational in 2024. The initial planned annual production capacity is 10 GWh. The annual battery capacity of the joint venture plant will be increased to 30 GWh.
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