The South Korean company will build nearly 280 gigawatt-hours' worth of factory capacity across America to meet growing demand for grid storage and EV batteries.
South Korean manufacturer LG is drastically scaling up its U.S. production of lithium-ion batteries for electric vehicles and the grid. The U.S. clean energy sector is transforming from an import-based industry to one that builds equipment domestically, bolstered by supportive policies in the Bipartisan Infrastructure Law and the Inflation Reduction Act. As Canary Media reported recently, U.S. battery manufacturing is on track to grow tenfold by 2027. But LG Energy Solution, one of the largest battery makers in the world, has already committed to factory construction that would increase its own U.S. production capacity by a factor of more than 55 by 2027. LG Energy Solution already operates 5 gigawatt-hours' worth of battery production in Holland, Michigan, which it launched in 2013 to supply the Chevy Volt. But LG will quintuple production at that facility by 2025, while it also builds a new complex capable of making 43 gigawatt-hours' worth of batteries per year in Queen Creek, Arizona, near Phoenix. Subscribe to receive Canary's latest news The company will also build battery…