LG Energy Solution suggests building EV battery factory in Georgia

LG Energy's CEO has also said that if an outside investor acquires a separate SK Innovation plant in Georgia, the company could partner with it to run the facility.
By :
| Updated on: 14 Mar 2021, 09:37 AM
File photo used for representational purpose only (Bloomberg)
File photo used for representational purpose only (Bloomberg)
File photo used for representational purpose only (Bloomberg)
File photo used for representational purpose only

South Korean battery maker LG Energy Solution suggested that it could build a factory in the US state of Georgia to manufacture batteries for electric vehicles, an official at LG Energy Solution said on Saturday.

In a letter to US Senator Raphael Warnock, LG Energy Solution CEO Kim Jong-hyun said that "the company is prepared to do whatever we can help the people and workers of Georgia," according to The Atlanta Journal-Constitution.

Similar Cars

Find More Cars
Hyundai Kona Electric (HT Auto photo)
Hyundai Kona Electric
cc | Electric | Automatic
₹23.79 - 23.98 Lakhs*Onwards
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs*Onwards
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
 
₹ 12 - 15 Lakhs* *Expected Price
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99 - 16.85 Lakhs*Onwards
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs*Onwards

LG Chem's wholly owned battery division, LG Energy Solution, confirmed that the company had recently sent the letter to the senator, but declined to confirm the details.

Kim also said in the letter that if an outside investor acquires a separate SK Innovation plant in Georgia, LG could partner with it to run the facility, the Atlanta Journal-Constitution reported.

(Also read | SK Innovation says LG offer to resolve dispute needs to protect US business)

"(The letter) was intended to clearly address the current situation that has been caused by SK's misappropriation of our trade secrets as well as to alleviate concerns about jobs in Georgia," an official at LG Energy Solution said in a statement to Reuters.

An official at SK Innovation rejected the idea of LG taking over its plant.

"LG's statement regarding acquiring the plant does not make any sense as automakers do not allow contract and suppliers to change in a separate manner. With that being said, it's unreasonable for LG to say it could take over the plant and replace us," the official told Reuters.

(Also read | LG to make advanced battery cells for Tesla by 2023)

LG's letter came as Georgia's governor, Brian Kemp, on Friday repeated his request for US President Joe Biden to overturn the US International Trade Commission (ITC)'s ruling against SK Innovation to save thousands of jobs in the state directly tied to SK's battery factory.

LG Energy Solution has been in a legal feud with SK Innovation over allegations that SK stole trade secrets. The ITC sided with LG Chem in February and issued a 10-year order prohibiting most US imports of SK lithium-ion batteries.

SK Innovation has lobbied the White House to overturn the decision, which could also be negated if SK and LG reach an independent settlement.

On Thursday, LG announced its plans to invest more than $4.5 billion in its US battery production business over the next four years, including plans to build at least two new plants.

First Published Date: 14 Mar 2021, 09:31 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city