LG Energy increases battery production in the U.S. with $1.4B investment

By News Curator

South Korea‚Äôs LG Energy Solution, which supplies electric vehicle batteries to Tesla, Lucid Motors, General Motors and Proterra, said on Thursday it is investing $1.4 billion (1.7 trillion KRW) to build a cylindrical battery plant in Queen Creek, Arizona. The move is a clear indication that LG Energy is increasing its presence in the United…