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LG Energy increases battery production in the U.S. with $1.4B investment

LG Energy increases battery production in the U.S. with $1.4B investment

South Korea’s LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to build a cylindrical battery plant in Queen Creek, Arizona. The move is a clear indication that LG Energy is increasing its presence in the United […]

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Source: Techcrunch

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