Both facilities, totaling 43GWh, plan to break ground this year. Out of the KRW 7.2 trillion, the company plans to invest KRW 4.2 trillion (USD 3.2 billion) in building cylindrical battery manufacturing facility with a capacity of 27GWh, and KRW 3 trillion (USD 2.3 billion) in LFP pouch-type battery facility with the capacity of 16GWh. It is also more than four times the amount the company initially announced last year (KRW 1.7 trillion) to manufacture cylindrical EV batteries in the same location.
It marks the largest single investment ever for a stand-alone battery manufacturing facility in North America. Nature's Generator Eco-Intelligent Lithium Smart Battery Management System.Microgrid Provides a Sustainable Solution Independent From the Power Grid.Five Ways to Protect Critical Infrastructure From Cyberattacks.
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