LGES to reevaluate investment plan for Arizona battery factory - spokesperson

📆 08/04/1401 07:23 ق.ظ
📰 ChannelNewsAsia

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SEOUL : South Korean battery maker LG Energy Solution Ltd (LGES) plans to reevaluate its investment plan for a standalone Arizona battery factory due to the current economic environment in the United States, a company spokesperson said on Wednesday. In March, LGES, which counts Tesla Inc, General Motors C

SEOUL : South Korean battery maker LG Energy Solution Ltd plans to reevaluate its investment plan for a standalone Arizona battery factory due to the current economic environment in the United States, a company spokesperson said on Wednesday.

In March, LGES, which counts Tesla Inc, General Motors Co and Volkswagen AG among its customers, announced plans to invest 1.7 trillion won to build a battery factory in Arizona by 2024 to meet demand from startups and other North American customers.

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