LG Chem’s LG Energy Solution investment in Arizona in brief:
- Type: wholly-owned subsidiary
- Investment: 1.7 trillion KRW ($1.39 billion)
- Location: Queen Creek, Arizona
- Production capacity: 11 GWh/year
- Battery type: cylindrical batteries for EVs and electric tools
- Construction: to begin in the second quarter of 2022
- Mass production: to start in 2024
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