Name: Holland Factory to Expand Further After LG Chem-Toyota Battery Deal
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Holland Factory to Expand Further After LG Chem-Toyota Battery Deal

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LG Energy Solution (image courtesy LG Energy Solution)HOLLAND, MI (WHTC-AM/FM, Oct. 5, 2023) – One of two lithium-ion battery manufacturing operations in Holland has landed a big deal.Officials of Toyota Motor North America and LG Energy Solution announced on Wednesday a supply agreement for the Korean-based company to supply such batteries for the Japanese automaker in its US assembly operations. Those batteries will be made at the LG Chem complex off of East 48th Street, a facility built in 2010 and currently undergoing an expansion.City Manager Keith Van Beek said at last night’s Holland City Council meeting this $3B deal will lead to a third phase expansion.https://media.socastsrm.com/wordpress/wp-content/blogs.dir/2485/files/2023/10/holland-1005-vanbeek.mp3The deal represents LG Energy Solution’s largest single supply agreement secured outside of joint venture agreements, and the Korean-based company now supplies its batteries to all top five global automakers.You must be logged in to post a comment.Advertise with us »The Huge ShowHolland, MI, USA61 °F Partly cloudy7-Day Forecast »

LG Energy Solution (image courtesy LG Energy Solution)HOLLAND, MI (WHTC-AM/FM, Oct. 5, 2023) – One of two lithium-ion battery manufacturing operations in Holland has landed a big deal.Officials of Toyota Motor North America and LG Energy Solution announced on Wednesday a supply agreement for the Korean-based company to supply such batteries for the Japanese automaker in its US assembly operations. Those batteries will be made at the LG Chem complex off of East 48th Street, a facility built in 2010 and currently undergoing an expansion.City Manager Keith Van Beek said at last night’s Holland...

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Holland Factory to Expand Further After LG Chem-Toyota Battery Deal

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