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Latest InformationOn March 25, according to foreign media reports, LG New Energy will invest US$3.5 billion in two new battery factories in North America to expand battery production capacity.Among them, in the United States, LG New Energy plans to invest about 1.4 bil…
On March 25, according to foreign media reports, LG New Energy will invest US$3.5 billion in two new battery factories in North America to expand battery production capacity.
Among them, in the United States, LG New Energy plans to invest about 1.4 billion US dollars to build a battery factory in Arizona by 2024. The plant, which is expected to have an annual capacity of 11GWh, will start construction in the second quarter of this year, with mass production in the second half of 2024. It is reported that the batteries produced at the plant will be supplied to electric vehicle manufacturers in North America.
In Canada, LG New Energy and multinational automaker Stellantis will jointly invest US$4.1 billion to build Canada's first large-scale electric vehicle lithium-ion battery production plant in Canada. LG New Energy will invest about US$2.1 billion for this purpose.
The battery plant is expected to be operational in the first quarter of 2024 and will supply Stellantis' North American vehicle production in the future. Its future production target is an annual capacity of more than 45 GWh.
Foreign media said that after the two new factories are built, LG New Energy will ensure that its annual production capacity in North America will reach over 200GWh, which can be converted into the production of 2.5 million high-performance electric vehicles.
Time:2024-07-02
Time:2024-07-02
Time:2024-07-02
Time:2024-07-02
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