LG Energy Solution
Economic growth and FDI are robust across the nation, with advanced manufacturing just one of the bright spots.
The 2022 Deal of the Year Impact Awards recognize project investments that will have significant impact in their new or expanded locations, focusing on a specific aspect of the project.
LG Energy Solution, GM joint venture will invest another $275 million to expand its battery cell manufacturing plant in Spring Hill, TN adding to the $2.3 billion initial investment.
In a joint venture, Honda and LG Energy Solution will create 2,200 jobs at a new electric vehicle (EV) battery plant in Fayette County, OH.
To be built by Ultium Cells LLC in Ohio, Tennessee, Michigan, the three new lithium-ion (Li-ion) battery cell manufacturing facilities are expected to create 5,100 jobs at full capacity.
In a joint venture, Stellantis and LG Energy Solution will invest $4.1B in Canada's first large scale, domestic, electric vehicle battery manufacturing facility in Windsor, Ontario.
LGES will expand its Holland, MI plant to produce components for electric vehicle batteries, resulting in the creation of 1,200 new jobs.
The joint venture, Ultium Cells LLC, will build a manufacturing plant in Spring Hill, TN and create 1,300 new jobs.