Arizona Gov. Doug Ducey has announced that LG Energy Solution will build a battery manufacturing facility in Queen Creek. LG is planning to invest $1.4 billion for establishment of this plant. Moreover, new plant will create thousands of new jobs in Queen Creek area. “The historic investment from LG Energy Solution is a generational one that will support thousands of good-paying jobs in Pinal County and throughout the state”. Gov. Doug Ducey said in in his statement.
This battery plant will be the first of its kind on North America. Moreover, itwill produce a cylindrical-type battery, a high-density, compact energy storage solution ideal for electric vehicles and other applications. Moreover, LG intends to begin production in 2024.
High-tech manufacturing including semiconductors, electric vehicles, and batteries is flourishing in Arizona. Recently, these production facilities have produced thousands of direct jobs. Moreover, the supply chain operations have also created numerous indirect jobs in this sector. “We’re really excited that global powerhouse, LG Energy Solution has chosen Pinal County [for its new facility]. Their investment in our great county is fantastic news for our workforce. Too many of our residents currently travel out of the County to work. However, LG Energy Solution’s arrival will create high-paying jobs and training opportunities at their doorstep, providing our communities a true life balance of live, work, and play.” Jeffrey McClure, Chairman of the Pinal County Board of Supervisors expressed his views regarding the prospects of this investment. However, LG has not provided any date for announcement of these jobs.
Big companies coming to Arizona
Recently, global technology leaders such as Intel and TSMC while EV makers such as Lucid, Nikola, and ElectraMeccanica have setup production operations in the state. Similarly, the state-of-the-art Arizona facility aims to establish LG Energy Solution’s presence in North America’s cylindrical battery market. “With the establishment of our new Arizona plant, LG Energy Solution aims to deliver unparalleled consumer value in the rapidly growing cylindrical battery market.” CEO of LG Energy Solution Youngsoo Kwon affirmed the positive effects of this battery facility.
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