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EV battery maker building new plant in Queen Creek

Gov. Doug Ducey said the facility should generate thousands of new jobs.

QUEEN CREEK, Ariz. — LG Energy Solution is planning to build a new manufacturing facility in Queen Creek this summer that will produce batteries for electric vehicles. 

Gov. Doug Ducey announced the project Tuesday, claiming LG's facility will generate thousands of new jobs after it opens in 2024. 

“Global technology leaders like LG are choosing Arizona because of our world-class business environment, advanced workforce, unbeatable quality of life, and culture of innovation," the governor said in a statement.

The LG plant is expected to manufacture cylindrical batteries, which offer compact energy storage that's ideal for electric cars. The facility is said to be the first of its kind in North America.

LG Energy Solution CEO Youngsoo Kwon said last month the company's new facility will help LG better meet America's growing demand for cylindrical batteries.   

“With the establishment of our new Arizona plant, LG Energy Solution aims to deliver unparalleled consumer value in the rapidly growing cylindrical battery market,” Kwon said.

According to Technavio, the cylindrical lithium-ion battery market has the potential to grow by $9.81 billion between 2021 and 2025.

Queen Creek's leaders are eager to see LG's development come to fruition and bring some good jobs to the East Valley. 

"It will bring thousands of local jobs to our highly skilled workforce - enhancing the quality of life our residents experience, additional infrastructure, and major capital investment," said Queen Creek Mayor Gail Barney in a statement.

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