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LGES to reevaluate investment plan for Arizona battery factory – spokesperson


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SEOUL — South Korean battery maker LG Energy Solution Ltd (LGES) plans to reevaluate its investment plan for a standalone Arizona battery factory due to the current economic environment in the United States, a company spokesperson said on Wednesday.

In March, LGES, which counts Tesla Inc, General Motors Co and Volkswagen AG among its customers, announced plans to invest 1.7 trillion won ($1.3 billion) to build a battery factory in Arizona by 2024 to meet demand from startups and other North American customers.

($1 = 1,290.8000 won) (Reporting by Heekyong Yang; Editing by Tom Hogue)


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