LG Energy Solution Plans $5.6 Billion Investment in Right to Work Arizona

LG Energy Solution is investing $5.6 billion soon toward a new manufacturing facility in Right to Work Queen Creek, Arizona. This will allow them to produce batteries for a variety of electric products, including electric vehicles. As result, they will also create thousands of new jobs. So this is exciting economic news!

From Area Development Magazine:

“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. […] We believe it’s the right move at the right time in order to empower clean energy transition in the U.S.†[…]

“We couldn’t be more excited that LGES has chosen to expand their initial investment four-fold with plans to construct another high-tech manufacturing facility. […] We are immensely grateful to CEO Youngsoo Kwon and the entire team at LG Energy Solution for their continued commitment to Arizona. My thanks also to all our partners who played a special role in this project, especially Governor Hobbs, Pinal County, Town of Queen Creek, Senator Kelly, Arizona Chamber of Commerce and Industry, GPEC and SRP. This has been a tremendous team effort and we look forward to this transformational project breaking ground.â€

AREA DEVELOPMENT MAGAZINE