LG Energy Solution invests USD 3 billion in Holland facility for Toyota EV battery modules

LG Energy Solution will invest USD 3 billion in its West Michigan facility in Holland to establish new production lines for battery cells and modules exclusively for Toyota, with completion slated for 2025. The investment is part of a contract to supply lithium-ion battery modules for Toyota's battery EVs.

“Today's announcement that LG Energy Solution and Toyota are partnering up to power electric vehicles in America right here in Michigan reaffirms our strategy to Make It in Michigan.”michiganbusiness.org

• 1 source
• michiganbusiness.orgMichigan Wins $3 Billion Investment Powering New EV Production by LGES, Toyota | Michigan BusinessCourtney Overbey-MartinezOct 16, 2023

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