November 21, 2024 6:51 am
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LG Energy Solution secures critical financing for huge Arizona battery plant

RENDERING VIA TOWN OF QUEEN CREEK

By Audrey Jensen | Phoenix Business Journal

South Korea-based LG Energy Solution has secured financing through New York investment firm U.S. Realty Advisors LLC for construction of its first battery manufacturing plant in Arizona.

The technology giant, a supplier to major car companies such as General Motors and Toyota, is constructing a 1.4 million-square-foot plant that will produce 46-Series cylindrical batteries in Queen Creek, east of Phoenix.

Read the full subscription story from the Phoenix Business Journal.

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