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LG Energy Solution is planning to expand its own battery factory in Holland in the US state of Michigan. With investments amounting to 1.7 billion US dollars, the production capacity for battery cells and battery packs is to be increased fivefold there. The expansion, for which the equivalent of
Electric vehicle battery maker LG Energy Solution plans a $1.7 billion expansion in western Michigan that will add up to 1,200 jobs by 2025, officials announced Tuesday. The project at the company’s site in Holland, located about 155 miles (249 kilometers) northwest of Detroit, was approved for $56.5 million in state grants and a 20-year…