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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

The South Korean company reported a steady increase in consolidated revenue to KRW 33.7 The LGES’ earnings report showed that the company’s consolidated revenue increased by 31.8% This positive trend was partially fueled by tax credits from the U.S. Excluding the tax credit: Operating profit would be KRW 88.1

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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. million in tax revenue over 35 years. Arizona is just another important step in that process. Get started here. –

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

Baua Electric

Today, the company has made good on its promise to deliver the latter as US customers can lease an R1S of their own. Following an announcement in November 2023 that a lease program was in the works, Rivian began offering pre-configured R1T models to customers to lease, but only in 14 states to start. That brings the total to 16 states in all.

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EV Charger Manufacturing in the U.S… Why Does It Matter?

Blink Charging

The White House recently implemented rules for various federal funding opportunities requiring companies to be Buy America compliant. Investing in our national infrastructure, as well as companies in the U.S., Blink is proud to be a Buy America-compliant EV charging company and follow the standards set by the federal government.

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

Teslarati

Each company holds a 50% stake in the joint venture for the U.S.-based The companies plan to invest over $4.3 Tesla supplier LGES to quadruple investment in Arizona battery plant to $5.5 Tesla supplier LGES to quadruple investment in Arizona battery plant to $5.5 based battery plant. billion in the battery facility.