LGES, a supplier for Tesla, plans to increase investment in Arizona battery plant to $5.5 billion.
LG Energy Solution (LGES), a South Korean battery manufacturer and supplier for Tesla, has announced plans to increase its investment in its Arizona battery plant to $5.5 billion. The move comes as the demand for electric vehicles (EVs) continues to rise, and the need for reliable and efficient battery technology becomes more critical.The Arizona plant, which is currently under construction, is expected to be one of the largest lithium-ion battery plants in the world, with a production capacity of 35 gigawatt-hours (GWh) per year. The facility will produce batteries for