G Energy Solution is investing US$ 5.5 billion into building a battery manufacturing complex located in Queen Creek, Arizona, USA. The complex will consist of two manufacturing facilities – one for cylindrical batteries and the other for lithium iron phosphate (LFP) batteries for energy storage systems. It marks the largest single investment ever for a stand-alone battery manufacturing facility in North America. It is also more than four times the amount the company initially announced last year to manufacture cylindrical EV batteries in the same location. The cylindrical battery manufacturing facility is expected to begin mass production in 2025, mainly to supply demand in North America. With the new battery manufacturing complex, LGES will boost its production capacity in major product segments, develop more cohesive partnerships with its customers in both EV and ESS sectors, and cut back on the logistics costs by bringing its manufacturing facilities in closer proximity to its customers.
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