LG Energy Solution's new progress in the United States

LG Energy Solution announced the latest progress of its two power battery factories in the United States in April this year. One of them is a joint venture with General Motors, called Ultium Cells Plant 2, located in Spring Hill, Tennessee, USA. The factory began delivering the first batch of batteries to customers two and a half years after construction began. General Motors and LG Energy Solution plan to invest in three battery factories in Ohio, Tennessee and Michigan, with a total investment of US$7.475 billion and a total battery production capacity of more than 130GWh. The other factory is a wholly-owned factory in Arizona, with an estimated investment of US$5.5 billion and a planned production capacity of 53GWh, including 36GWh of 46 series cylindrical batteries for electric vehicles and 17GWh of lithium iron phosphate soft-pack batteries for energy storage systems.