(Rendering via Town of Queen Creek)
By Audrey Jensen | Phoenix Business Journal
South Korea-based battery giant LG Energy Solution Ltd. is moving forward with its $1.4 billion manufacturing plant in the Phoenix metro after it spent months looking for a site to support the increasing demand for lithium-ion batteries in the U.S.
LG Energy Solution, or LGES, recently purchased about 650 acres of state land in Queen Creekfor a 1 million-square-foot cylindrical-type battery manufacturing plant. The facility is expected to generate about 2,800 jobs and start production by 2024 at Ironwood and Pecos roads. LGES is one of the largest battery producers in the world.