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Korean battery makers prepare to build 11 factories in the US

Korean battery makers prepare to build 11 factories in the US

The US is immediately embarking on its own \"import substitution\" program.
South Korea's three largest electric vehicle battery companies plan to build 11 traction battery plants in the U.S.
by 2026, mostly in cooperation with U.S.
electric vehicle manufacturers.Image source: FordFor example, LG Energy Solution plans to build six production bases in the U.S.
by 2026.
It is the most active player among Korean battery manufacturers, constantly expanding its production.LG Energy Solution has already established a joint venture with General Motors Ultium Cells - construction of a plant with a production capacity of 35 GW∙h or more has already begun in Ohio, and a second plant (35 GW∙h or more) in Tennessee.
A third plant (over 50 GWh) should begin mass production in Michigan in 2025.
A plan for another plant will be discussed in detail this year.
In addition, the company is independently building a plant for cylindrical batteries in Arizona and intends to expand its own production capacity in Michigan.SK On plans to build four battery plants in the U.S.
The company is already building facilities with a total production capacity of 129 GW∙h in Kentucky and Tennessee.
The Blue Oval SK joint business is being implemented together with Ford, and work is expected to begin in 2025.In addition, Sk On is building two of its own plants in Georgia.
It is known that Hyundai Motor Group plans to build an electric car plant in the same state, so it is very likely that these businesses will cooperate in this state.Samsung SDI decided to create a joint business for the production of traction batteries together with Stellantis.
The plan is to start producing battery cells in the U.S.
in 2025.
When construction is completed, the production capacity will be 23 GWh.
In the future, production will be expanded to 40 GW∙h.

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