LG Energy Solution Plans Queen Creek, Arizona, EV Battery Manufacturing Plant
03/28/2023
The investment will consist of two manufacturing facilities, one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). The new cylindrical battery manufacturing facility is scheduled to start mass production of 2170 cells in 2025, mainly for EV makers in North America.
“Our decision to invest in Arizona demonstrates our strategic initiative to continue expanding our global production network, which is already the largest in the world, to further advance our innovative and top-quality products in scale and with speed,” said Youngsoo Kwon, CEO of LG Energy Solution. “We believe it’s the right move at the right time in order to empower clean energy transition in the U.S.”
The $5.5 billion is nearly four times the initially-announced investment of $1.4 billion.
“We couldn’t be more excited that LGES has chosen to expand their initial investment four-fold with plans to construct another high-tech manufacturing facility,” noted Sandra Watson, President and CEO, Arizona Commerce Authority (ACA). “We are immensely grateful to CEO Youngsoo Kwon and the entire team at LG Energy Solution for their continued commitment to Arizona. My thanks also to all our partners who played a special role in this project, especially Governor Hobbs, Pinal County, Town of Queen Creek, Senator Kelly, Arizona Chamber of Commerce and Industry, GPEC and SRP. This has been a tremendous team effort and we look forward to this transformational project breaking ground.”
As the only chemical-based battery company in the world, LG Energy Solution is leading the global lithium-ion battery market based on distinguished materials technology.
Project Announcements
Ireland-Based Linde Plans Brownsville, Texas, Operations
06/12/2025
Canadian-Based Torvan Medical Plans High Point, North Carolina, Headquarters-Production Operations
06/12/2025
Amazon Web Services Plans Richmond County, North Carolina, Operations
06/12/2025
Rolls-Royce Expands Mankato, Minnesota, Manufacturing Operations
06/12/2025
StandardAero Component Services Expands Sharonville, Ohio, MRO Operations
06/12/2025
Azure Farms Plans South Point, Ohio, Production Operations
06/12/2025
Most Read
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Why Cold Storage May Defy the Tariff Crunch
Q2 2025
-
Get Your Mega Site ‘Project Ready’
Q2 2025
-
Navigating the new era of SCIF construction
Q1 2025