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LG Energy Solution to build Queen Creek factories for $5.5 billion

By Matthew Casey
Published: Friday, March 24, 2023 - 3:34pm
Updated: Saturday, March 25, 2023 - 8:38am

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LG Energy Solution
LG Energy Solution aims to build a complex in Queen Creek.

A Korean battery maker with plans to spend a billion-plus dollars on a plant in Queen Creek says it will nearly quadruple the investment.

LG Energy Solution now aims to build a complex with two factories for a price tag of $5.5 billion.

One hub would make cylindrical batteries for electric vehicles starting in 2025, and the other would produce a type of lithium iron phosphate battery starting in 2026.

Business Science