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Reuters

LG plans to build battery factory in Arizona to supply Tesla, others: sources

South Korea’s LG Energy Solution plans to build a battery factory in Arizona to supply to Tesla and other customers, two persons familiar with the matter told Reuters. The U.S. factory is expected to produce cylindrical battery cells of different sizes, for customers, including EV makers Lucid and Proterra and Philip Morris, maker of IQOS heated-tobacco sticks, one of the persons said. Tesla CEO Elon Musk said on Tuesday that battery production would be “the limiting factor” for vehicle production in two to three years, as the world’s largest electric vehicle maker aims to boost sales.

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