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LG Energy Solution to Spend $5.5 Billion on US Battery Plants

March 25, 2023 Mariel Alumit

​LG Energy Solution Ltd. will invest 7.2 trillion won ($5.5 billion) building a giant manufacturing complex in Arizona as the electric-car battery maker seeks to speed up production in order to meet rising demand for […]

Finance

Piedmont Lithium, LG Chem sign equity investment and offtake agreements

February 16, 2023 Mariel Alumit

​ Piedmont Lithium (NASDAQ: PLL ,ASX:PLL) announced Thursday that it has signed agreements with LG Chem for a $75 million equity investment and offtake of 200,000 metric tons of spodumene concentrate from Piedmont’s jointly-owned North […]

U.S. Ramps Up Battery Production With 13 New Gigafactories - ENB
Electric Vehicles

U.S. Ramps Up Battery Production With 13 New Gigafactories

January 8, 2022 Mariel Alumit

3 new battery cell gigafactories are expected to come online in the U.S. by 2025. The next decade will be defined by a massive increase in utility-scale storage GM, Ford, Tesla, SK Innovations and LG […]

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