<
https://www.canarymedia.com/articles/batteries/lg-kicks-off-colossal-ramp-up-of-us-factories-for-ev-and-grid-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.
The company will also build battery factories as joint ventures with electric
vehicle companies: It’s working on a plant with 30 gigawatt-hours of capacity
with Hyundai in Savannah, Georgia; one with 40 gigawatt-hours of capacity with
Honda in Ohio; and a total of 140 gigawatt-hours of capacity with GM’s Ultium
battery brand across sites in Ohio, Michigan and Tennessee (that Ohio site
began initial production in the latter half of 2022). That makes LG an
important participant in the Southeast’s emerging Battery Belt, as well as an
investor in the traditional heart of the auto industry.
“We’d be foolish not to say the IRA incentives are a part of it, but I wouldn’t
say that’s the only argument” for the company’s extensive buildout, said Peter
Gibson, VP of sales and marketing for LG Energy Solution Vertech, the division
which integrates LG batteries into grid power plants. “We were developing
these plants well before the IRA was published or the details became
available.”
While many manufacturers are adding capacity in the U.S., LG stands out for the
sheer scale of its pivot to American production."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-malaria-belize-crime-mexico-city-bison-montana/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
