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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, up 58.7%

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LG Energy Solution secures lithium supply for the North American market

Teslarati

According to the agreement , WesCEF will supply the South Korean battery supplier with up to 85,000 tons of lithium concentrate. Tesla 4680 battery production by LG starting later this year Through their offtake agreement, LGES and WesCEF aim to deliver top-quality IRA-compliant batteries to customers.

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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. The $600 million solar + battery storage project sits on 3,000 acres south of Buckeye. million in tax revenue over 35 years.

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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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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. based battery plant.

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The Importance of Electrifying Municipal Vehicles

Clean Fleet Report

A report from the Arizona Public Interest Research Group (PIRG) found that switching to electric fleets could save $14 million in pollution-related expenses over the lifetime of the municipal vehicles—and that’s just in Arizona. With those tax credits, electric municipal vehicles make sense in terms of saving money.

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Nissan to Warranty LEAF Battery for 8 Years, 100,000 Miles

Green Car Congress

Nissan will warranty the battery pack in its LEAF EV for 8 years and 100,000 miles, according to Carlos Tavares, executive vice president and a member of the Board of Directors of Nissan Motor Co., The warranty matches the term of the 8-year, 100,000 battery pack warranty announced by GM for its Volt EREV. Earlier post.).

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