March 31, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--LG Energy Solution (LGES) (Seoul, South Korea) announced last week it plans to invest $5.5 billion in a new battery-manufacturing complex in Queen Creek, Arizona, which includes two facilities that will produce batteries for electric vehicles (EV) and energy storage, respectively. This is the largest-ever single investment for a stand-alone battery-manufacturing facility in North America.
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