Automotive & Transportation
Automotive and Transportation
Automotive and Transportation
Tue, November 26, 2024
[ 12:21 PM ] - Aaron Neefham
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Rivian secures batteries from LG Energy Solution in Arizona
- Batteries manufactured at LG Energy Solution's $5.5 billion plant in Arizona will supply Rivian's electric vehicles in the U.S., the South Korean company announced in November.
The article from the Phoenix Business Journal discusses Rivian Automotive Inc.'s plans to establish a new battery manufacturing facility in Arizona in collaboration with LG Energy Solution. This partnership aims to produce advanced battery cells specifically designed for Rivian's electric vehicles, enhancing their range and performance. The facility is expected to create numerous jobs and stimulate economic growth in the region. Additionally, the move aligns with Rivian's strategy to localize its supply chain, reduce costs, and ensure a steady supply of high-quality batteries. The project also underscores Arizona's growing role as a hub for electric vehicle and battery technology, supported by state incentives and a favorable business environment.
Read the Full The Business Journals Article at [ https://www.bizjournals.com/phoenix/news/2024/11/25/rivian-lg-energy-solution-batteries-arizona.html ]
Read the Full The Business Journals Article at [ https://www.bizjournals.com/phoenix/news/2024/11/25/rivian-lg-energy-solution-batteries-arizona.html ]
