LGES reconsiders EV battery plant in Arizona
South Korea’s LG Energy Solution (LGES) is reconsidering its plan to invest KRW1.7bn (US$1.3bn) in an electric vehicle (EV) battery plant in Arizona due to deteriorating business conditions, according to local reports citing a company statement.
Just three months ago, the world’s second largest EV battery manufacturer announced plans to build its second wholly owned battery plant in the US, a facility with the capacity to…