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LG plans Arizona battery plant that could supply Tesla, Lucid

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LG Energy Solution, the energy division of Korean chemicals giant LG Chem, is rapidly expanding its battery production footprint in the U.S.

LG Energy Solution plans to open a $1.4 billion battery factory in Arizona in 2024, the company, which already supplies battteries to the likes of Tesla and Lucid, announced last week.

The factory will be LG's first in North America manufacturing cylindrical battery cells, the kind used by Tesla and Lucid, and construction is scheduled to being in the second quarter of 2022.

LG didn't disclose the location of the factory, but note that Lucid's assembly plant is located in Casa Grande, Arizona. Lucid currently sources batteries from both LG and Samsung. Tesla currently relies on Panasonic for its North American battery supply, but uses LG batteries at its plant in China. The new Arizona factory is just one side of LG's North American battery-making expansion. The company is also working with General Motors on

 

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