LG Energy Solution picks Queen Creek for battery manufacturing facility
Apr 20, 2022, 4:25 AM
PHOENIX — LG Energy Solution has decided to build its new battery manufacturing facility in Queen Creek, Gov. Doug Ducey announced Tuesday.
The facility will be used to produce cylindrical-type batteries that are ideal for electric vehicles due to its high-density and compact energy storage.
It is the first facility of its kind in North America, according to a press release, and represents a $1.4 billion investment for the global company.
“The historic investment from LG Energy Solution is a generational one that will support thousands of good-paying jobs in Pinal County and throughout the state,” Ducey said in the release.
Construction on the East Valley facility is set to begin this summer, with production getting underway by 2024 and establishing the company’s presence in North America’s cylindrical battery market.
“With the establishment of our new Arizona plant, LG Energy Solution aims to deliver unparalleled consumer value in the rapidly growing cylindrical battery market,” Youngsoo Kwon, CEO of LG Energy Solution, said in the release.
The facility will feature a smart factory system, according to the release, including remote support, manufacturing intelligence and logistics automation.
LG Energy Solution is the latest to choose Arizona as a home for high-tech manufacturing, joining companies like Intel, TSMC, Lucid, Nikola and ElectraMeccanica.
“Global technology leaders like LG are choosing Arizona because of our world-class business environment, advanced workforce, unbeatable quality of life and culture of innovation – one that’s delivering unparalleled opportunity for current and future generations,” Ducey said.
“This announcement proves once again that Arizona means technology and we’re only just getting started.”