LG ENERGY SOLUTION TO INVEST OVER $4.5 BILLION IN US BATTERY PRODUCTION

Highlights

• The two companies are at present building a battery factory worth $2.3 billion in Lordstown, Ohio will be employing nearly 1,000 people after its completion in 2022

• Jong Hyun Kim, CEO of LG Energy Solution said “The goals of the US president and automakers will be a propelling factor in the growth of the country’s electric vehicle and energy storage systems markets.”

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