America is finally ramping up a type of battery seen as key to the future of energy storage, as well as more affordable electric vehicles.
Korean battery giant LG Energy Solution (LGES) inaugurated America’s first lithium iron phosphate (LFP) battery plant in Holland, Michigan, this week. The facility is an expansion of its existing battery factory that already produces lithium-ion batteries for General Motors, Honda and Hyundai.
The $1.4 billion plant expansion will produce batteries for energy storage systems (ESS), but signals a broader shift of LFP tech returning to the U.S. in one form or another.
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