Surely due to their investment LG is getting the larger sample...

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12/03/21

15:32

Post #: 51725153
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Originally posted by bluesamurai: ↑

The company considers building at least two new EV battery cell factories. LG Chem's LG Energy Solution revealed bold investment plans for the U.S. Through 2025, the company plans to invest more than $4.5 billion in additional EV battery manufacturing capacity.In effect, an additional 70 GWh of annual cell output could be added. If we compare the two numbers, it seems that the installation of 1 GWh of annual production capacity costs over $64 million.The company hints also that about 4,000 new direct jobs will be created. Plus an additional 6,000 indirect jobs, required during construction.Denise Gray, president of LG Energy Solution’s Michigan unit said:“We are eager to expand our production capacity so that it can meet the needs of the numerous global automakers across the U.S. and Europe,”At least two plantsUnder consideration are at least two new U.S. plants. There are no details about potential customers or localization at the moment (the decision will be made in the first half of the year).LG Energy Solution currently has in the U.S. one plant in Michigan and one joint venture with General Motors - Ultium Cells (under construction) in Ohio. QUOTE
LG Energy is certainly not standing still , taking on the EV battery market with confidence IMO

https://insideevs.com/news/493790/lg-invest-new-us-battery-plants/

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Surely due to their investment LG is getting the larger sample to qualify cobalt blue as a supplier.

Expecting Joe/COB already have the processing down pat verified by assays and looking forward to completing samples and shipping.

Exciting stuff!

COB Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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