DETROIT – LG Energy Solution’s Michigan office has secured $1.36 billion for investment into production facilities for electric-vehicle batteries in North America by 2024, the company confirmed Monday.

The funding is a part of the plan from the batteries unit of South Korea-based LG Corp. to expand its solely owned annual production capacity in North America from its current 5 gigawatt-hours in Holland, an LG spokesperson said in an email. It wasn’t clear if Michigan will see any of the investment, which was disclosed Friday in a regulatory filing in Korea.

Add LG Energy Solution to the list of companies from General Motors Co., Stellantis NV and Toyota Motor Corp. to EV startup Rivian Automotive Inc. that are looking for property in the United States to build plants that will power next-generation vehicles.

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