Month: March 2023

The largest single investment ever for stand-alone battery manufacturing facility in North America The new manufacturing complex to produce cylindrical batteries for EVs (27GWh) and LFP pouch-type batteries for ESS (16GWh), with total annual production capacity reaching 43GWh Production to start in 2025 and 2026 respectively, addressing customers’ needs for locally manufactured batteries in response to IRA tax credits and surge in market demands The manufacturing complex to ensure cohesive partnerships and further promote collective drive to expedite clean energy transition with major EV and ESS players in North America SEOUL, March 24, 2023 – LG Energy Solution (LGES; KRX: 373220) today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). It marks the largest single investment ever for a stand-alone battery manufacturing facility in North America. It is also more than four times the amount the company initially announced last year (KRW 1.7 trillion) to manufacture cylindrical EV batteries in the same location. Out of the KRW 7.2 trillion, the company plans to invest KRW 4.2 trillion (USD 3.2 billion) in building cylindrical battery manufacturing facility with a capacity of 27GWh, and KRW 3 trillion (USD 2.3 billion) in LFP pouch-type battery facility with the capacity of 16GWh. Both facilities, totaling 43GWh, plan to break ground this year. With the new battery manufacturing complex in the southwestern state, LGES will boost its production capacity in major product segments, develop more cohesive partnerships with its customers in both EV and ESS sectors, and cut back on the logistics cost by bringing its new manufacturing facilities in close proximity to its customers. The new cylindrical battery manufacturing facility aims to start mass production of 2170 cells in 2025, mainly for EV makers in North America. It is the first-ever U.S. cylindrical battery manufacturing facility solely invested by a Korean battery manufacturer. The company’s decision to increase investment in cylindrical EV battery production in North America comes from rising demand from EV makers for locally manufactured high-quality, high-performance batteries in an effort to satisfy the Inflation Reduction Act (IRA)’s EV tax credits. The new manufacturing facility for LFP pouch-type batteries for ESS, which is the first ESS-exclusive battery production facility in the world, aims to start production in 2026. With LG Energy Solution Vertech, Inc.’s fully integrated energy storage solutions, LGES will further expand its presence in the entire ESS value chain. Situating the new ESS battery facility in North America, the biggest ESS market globally, LGES aims to respond to the fast-growing needs for locally manufactured batteries on the back of the IRA, and further expedite clean energy transition in North America upon the strong government policies supporting the adoption of ESS. “Our decision to invest in Arizona demonstrates our strategic initiative to continue expanding our global production network, which is already the largest in the world, to further advance our innovative and top-quality products in scale and with speed,” said Youngsoo Kwon, CEO of LG Energy Solution. “We believe it’s the right move at the right time in order to empower clean energy transition in the U.S.” The company’s new manufacturing facilities will utilize a state-of-the-art smart factory system that carries out all decision making on machine-produced data. By implementing this key measure to enhance product quality, the Arizona facilities will aim to increase yield, improve manufacturing processes, and boost productivity to better respond to the ever-rising battery demands in the region. Source: LG Energy Solution to Invest KRW 7.2 Trillion to Build Battery Manufacturing Complex in Arizona, Step Up EV and ESS Battery Production in North America – LG Energy Solution (

The largest single investment ever for stand-alone battery manufacturing facility in North America The new manufacturing complex to produce cylindrical batteries for EVs (27GWh) and LFP pouch-type batteries for ESS (16GWh), with total annual production capacity reaching 43GWh Production to start in 2025 and 2026 respectively, addressing customers’ needs for locally manufactured batteries in response…
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27th March 2023 0

Gigafactory Valencia: PowerCo gives starting signal for construction of second cell factory

Salzgitter, Valencia, St. Thomas: PowerCo forges ahead with expanding its global battery business Cell factory in Valencia to start production of the unified cell in 2026, creating more than 3,000 direct jobs Initial capacity of 40 GWh per year with potential for further expansion Sustainable batteries: PowerCo sets on manufacturing with 100 % green electricity…
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20th March 2023 0

Morand unveils innovative fire protection system for battery packs

Comprehensive fire protection system for battery packs with universal application FS Security utilises a combination of electrical and static protection Proof-of-concept system developed with specialist collaborator Fire System SA Tests show system does not interfere with battery pack cooling or airflow   Vuadens, Switzerland… Swiss technology start-up Morand has launched an innovative fire protection system designed…
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14th March 2023 0


Global power and technology leader Cummins Inc. (NYSE: CMI) today announced the launch of Accelera by Cummins, a new brand for its New Power business unit. Accelera provides a diverse portfolio of zero-emissions solutions for many of the world’s most vital industries empowering customers to accelerate their transition to a sustainable future. The launch of…
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13th March 2023 0


  StoreDot calls for more car companies to adopt the mindset and agility of start-ups and to work more in tandem with groundbreaking technology companies to enable and accelerate innovation and global EV market growth StoreDot’s CEO observes varying approaches in automotive manufacturers and their willingness to adopt new innovative battery technologies OEMs that reevaluate…
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9th March 2023 0

National Grid to present ‘Unlocking Network Capacity for EVs’

The Battery Tech Expo UK and EV Infrastructure Expo are pleased to announce Paul Jewell, Electric Systems Manager, National Grid will be presenting on ‘Unlocking Network Capacity for EVs’ at this year’s event **About National Grid** – [](

7th March 2023 0

Ecobat to Build New Lithium-Ion Battery Recycling Facility in Arizona

Company will expand its European EV battery recycling capabilities and apply global capability, infrastructure, and decades of experience with lead battery recycling and production to recycle EV batteries in the U.S.   CASA GRANDE, ARIZONA (Feb. 20, 2023) – Ecobat, the global leader in battery recycling, is building its third lithium-ion battery recycling facility and its…
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6th March 2023 0


Partnership starts with 12-month pilot for battery handling and repair with opportunity to expand into repurposing and recycling. London, 28 February 2023: British electric vehicle manufacturer Tevva has entered into a strategic partnership with Ecobat, the global leader in battery recycling, for the repair, repurposing and recycling of its lithium-ion batteries. The partnership kicks off with…
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2nd March 2023 0