LG Energy to Invest $3 Billion to Expand its Battery Manufacturing Unit in US

The battery modules manufactured at the unit will be exclusively supplied to Toyota

October 6, 2023

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Battery manufacturer LG Energy Solution will invest KRW4 trillion (~$3 billion) in its Michigan facility to establish new production lines for battery cells and modules exclusively for Toyota, with completion slated for 2025.

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Arjun Joshi

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LG Energy to Invest $3 Billion to Expand its Battery Manufacturing Unit in US

Continue Reading with Premium Access

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