LG Energy Solution to Invest $1.7 Billion in Battery-Component-Plant Expansion, Create 1,200 New Jobs
HOLLAND, MI—LG Energy Solution (LGES) has announced that it is investing $1.7 billion at its plant here to increase production of lithium-ion polymer battery cells and packs for EVs by fivefold. The expansion will create more than 1,200 new jobs.
The plant will make LGES' new long cell design batteries with improved energy density thanks to cutting-edge technologies that allow engineers to more fully utilize the space within the battery pack. These batteries are expected to advance EV’s driving range and ESS’s energy storage, and at the same time, simplify the overall structure of battery pack.