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LG Energy Solution rushes to build N.A. plants for expanded battery production

August 30, 2023 In The News 5 min read
Mark Barrott
LG Solutions is investing more than $17 billion in constructing factories in North America for electric vehicle battery production. Plante Moran’s Mark Barrott shares insight with Automotive News.
Electric vehicle battery being made at an LG factory.Electric vehicle (EV) battery production is rapidly expanding in North America where nearly $27 billion has been invested in new plants. LG Solutions is expanding its EV battery production to construct and rehab facilities with more than 300 gigawatt-hours of EV battery production capacity. Plante Moran Partner Mark Barrott discusses strategies among automotive and battery manufacturers to strengthen supply chains as they continue to build in the United States.

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