Lithium Iron Phosphate Tender

Scope To Build Lithium Iron Phosphate LFP Battery Plant in Michigan in United StatesLG Energy Solution Ltd LGES will invest 3 trillion won to build a facility on the Michigan site to produce lithium iron phosphate LFP batteries for energy storage systems ESS with an annual production capacity of 16 GWh.LGES will invest 2.3 billion in LFP pouch-type battery facility with the capacity of 16GWh and this will start production in 2026. Facility plan to break ground this year.With the new battery manufacturing complex in the southwestern state LGES will boost its production capacity in major product segments develop more cohesive partnerships with its customers in both EV and ESS sectors and cut back on the logistics cost by bringing its new manufacturing facilities in close proximity to its customers.