US planned LFP battery production capacity soars past Europe with LGES and Gotion plants

US capacity to produce cheaper lithium iron phosphate (LFP) cells could increase by two-thirds this decade, far surpassing Europe’s planned buildout, following decisions by China’s Gotion High-Tech and LG Energy Solution to invest in the country. LGES announced it would invest $5.5 billion to build a battery plant in Arizona, including $2.3 billion for a […]