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LG Energy Solutions shifts plans for Arizona plant

Teslarati

LG Energy Solution (LGES) recently announced that its battery facility in Arizona will become a key production hub for 46-series cylindrical cells in North America. ” The Arizona plant was initially expected to produce 2170 cells at an annual capacity of 27 GWh. . billion to $5.5 billion with a margin of 6.3%.

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LG Energy Solution secures lithium supply for the North American market

Teslarati

LG Energy Solution is building a battery plant in Arizona to help its customers see IRA requirements. The IRA has struck requirements on sourcing minerals for EV batteries, significantly affecting the number of electric vehicles that qualify for tax credits. The South Korean company is a longtime Tesla supplier.

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LG Energy Solution reports steady increase in profit for FY 2023 

Teslarati

This positive trend was partially fueled by tax credits from the U.S. billion KRW from the IRA tax credit, which grew 16% from the previous quarter due to a solid performance from LGES factories in the United States. Excluding the tax credit: Operating profit would be KRW 88.1 from the same period last year.

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Rivian (RIVN) adds R1S SUV to lease program and expands to additional states

Baua Electric

The post Rivian (RIVN) adds R1S SUV to lease program and expands to additional states appeared first on Bauaelectric Auto News. That brings the total to 16 states in all. FTC: We use income earning auto affiliate links.

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Arizona’s largest battery will help feed your Google habit

Baua Electric

Photo: Salt River Project Arizona’s largest battery storage system is now online and, along with solar and wind, will help power a new Google data center – here’s why that matters. Google’s Mesa data center will also draw clean power from the new 88 MW solar + storage Storey Energy Center in Coolidge, Arizona.

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

News: 2023 Genesis Electrified GV70 AWD First Genesis Built in the U.S. The 3,800 team members, as Hyundai calls them, are building the all-new 2023 Genesis Electrified GV70 that joins electric models of the GV60 EV and the Electrified G80 , both of which are assembled in South Korea. The Electrified GV70 comes in two trim levels.

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Blink’s 2023 Year in Review

Blink Charging

As we approach the end of 2023, we want to acknowledge significant industry news and the remarkable accomplishments of Blink Charging throughout this year. New Leadership Changes and Team Promotions While we may be biased, we are proud to say that Blink has the best leadership team found anywhere.