SEOUL -- LG Energy Solution will build a cylindrical-battery factory in the American state of Arizona for 1.7 trillion won ($1.4 billion), eyeing growing demand among such key electric-vehicle makers as Tesla.
$1.4bn factory will supply emerging EV makers
A Lucid Air electric vehicle on display at a shopping mall in Scottsdale, Arizona. © Reuters
SEOUL -- LG Energy Solution will build a cylindrical-battery factory in the American state of Arizona for 1.7 trillion won ($1.4 billion), eyeing growing demand among such key electric-vehicle makers as Tesla.