Battery maker
LG Energy Solution
is pushing ahead with a multibillion dollar investment in a new factory in Arizona. It’s a win for the Biden administration’s aim to build the battery-supply chain in the U.S. and could strengthen ties between LG Energy and
Tesla.
Korea’s
LG Energy
(ticker: 373220.Korea) on Friday said it would spend 7.2 trillion won ($5.60 billion) in what it called the “largest single investment ever” in a standalone battery manufacturing facility in North America.
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