LG Energy Solution building US factory with 16GWh dedicated to battery storage

SourceEnergy Storage
Date Published03/24/2023
Author NameAndy Colthorpe
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LG Energy Solution
Parent companyLG 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) reshoredcylindrical 2170 cells & lith iron phosphate cells
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, IRA
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