LG Energy to build sixth North American EV battery plant in Arizona

$1.4bn factory will supply emerging EV makers

20220324N Lucid in Arizona

A Lucid Air electric vehicle on display at a shopping mall in Scottsdale, Arizona. © Reuters

KOTARO HOSOKAWA, Nikkei staff writer

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.