LG Energy to ramp up energy storage arm as EV demand cools

Bloomberg • July 26, 2025

In May, LG Energy began producing ESS batteries at its plant in Michigan. It aims to expand annual production capacity to 17 GWh by the end of this year and 30 GWh by 2026

LG Energy Solution Ltd. plans to ramp up its energy storage business in the US as it seeks to cushion the impact on its electric vehicle batteries arm from mounting tariffs and a global slowdown in c… [+2809 chars]

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LG Energy to ramp up energy storage arm as EV demand cools

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