LG to invest in US battery production for EVs, energy storage

URLhttps://www.pv-magazine.com/2021/03/15/lg-to-inves
SourcePV Magazine
Date Published03/15/2021
Author NameDavid Wagman
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LG Energy Solution
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):4.5
Country(ies) from which reshored:Korea, Republic of
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredEV batteries
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