LG Energy to Further Expand Battery Factory in the U.S.

WSJ Report... Second Factory Collaborated with GM Planned in Tennessee
Also Exploring New Factory for Other Automakers

[Image source=Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] LG Energy Solution is reportedly planning to establish a second electric vehicle battery plant in Tennessee in partnership with the American automaker General Motors (GM).

The Wall Street Journal (WSJ) reported on the 4th (local time), citing sources, that GM is considering building an additional automobile battery plant with LG Energy Solution.

WSJ stated that while the two companies are currently investing $2.3 billion (approximately 2.7 trillion KRW) to build a battery plant in Ohio, they are also discussing the establishment of a battery plant with Tennessee officials.

The candidate site for the plant is known to be near GM's automobile assembly plant in Spring Hill, Tennessee. If the two companies build a battery plant in Tennessee, it is expected to be similar in scale to the existing Ohio plant.

WSJ explained that GM acknowledged the push for a second battery plant and mentioned that a decision is expected within the first half of the year.

LG also mentioned that it is in discussions with GM regarding the additional battery plant. LG further disclosed plans to expand its battery manufacturing business in the U.S. to support other automakers as well.

This content was produced with the assistance of AI translation services.