Company/Division name | LG Energy Solution |
Parent company | LG Chem |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
Year reshoring implemented or to be implemented: | 2026 |
Capital investment ($): | 5500 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Queen Creek |
State(s) reshored to: | AZ |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | cylindrical 2170 cells & lith iron phosphate cells |
What domestic positive factors made reshoring more attractive? | Eco-system synergies, Government Incentives, IRA |