Original title: Due to inflation LG energy, the cost of building factories in the United States increased by 300 million US dollars, and it will re -evaluate the plan
IT House News on June 28. As the world's second largest electric vehicle battery manufacturer, LG Energy Corporation (LGES) announced in March this year to build a new battery plant in Arizona, USA. Now, LG Energy Corporation said that the cost of building factories has increased significantly due to inflation, and the plan will be re -considered.
A official person at LG Energy Corporation said that due to the deterioration of investment in the business environment, LG Energy is re -evaluating the details of the investment time and scale. The company said that due to global inflation and the recent significant depreciation of South Korean currencies, the investment in the new factory has expanded from the previous $ 1.31 billion to about $ 1.6 billion, and the cost of building a plant has increased by nearly 300 million US dollars, so the plan was put on hold. Now LG Energy Company needs at least 4-6 months to complete the plan to complete the plan to complete. At the same time, LG Energy Corporation stated that two other factories built with GM (GM) in Tennesi and Michigan will continue as planned.
Yonhap News Agency said that because of the continuous rise in cylindrical batteries for electric vehicles and other electric tools, LG Energy Company plans to further enhance the position of LG energy in North America by building a new plant in Arizona. If the factory is completed, it will be the first cylindrical battery factory operated by Korean battery manufacturers.
IT House learned that LG energy originally planned to operate the factory in the second half of 2024, and expected to produce 11 gigresses at 11 gigresses (GWH). LG Energy Company currently operates a wholly -owned factory in Michigan, USA, and co -operates another factory with General Motor Corporation (GM) in Ohio.