Via Town of Queen Creek
By Janet Perez | YourValley
Plans for a multibillion-dollar electric vehicle lithium battery plant in Queen Creek remain in limbo.
In July, South Korean company LG Energy Solution put the brakes on the proposed facility, citing the “unprecedented economic condition and investment circumstances in the U.S.” The company added that it would be reviewing “various investment options” including the Queen Creek plant.
In an email to the Queen Creek Independent today, Sophia Sojeong Kim, a specialist with LGES’ Global Communications Team, wrote that “We’re still in the process of reviewing the investment, and no new decision has been made.”
In March, the South Korean company entered into a deal with the town of Queen Creek and Pinal County to build a $2.8 billion manufacturing facility.
The facility, generally located on the northeast corner of Ironwood and Germann roads, is expected to bring approximately 2,800 new full-time jobs to the area.
