LG New Energy is expected to decide to build a plant in Arizona and supply batteries to Tesla in the first half of the year.

Thanks to CTOnews.com netizens, soft media users 1747544, Mr. Aviation for the delivery of clues! According to foreign media reports, LG New Energy announced its plan to build a second independently operated plant in Arizona in March last year, although it was withdrawn a few months later because of soaring costs, but then it resumed its plan, saying in a conference call with earnings analysts in January that it would proceed as planned.

As for the planned plant in Arizona, CEO of LG New Energy revealed that they would make a decision soon.

Quan Longshou revealed that they would make a decision soon after a shareholders' meeting on Friday local time, saying they were carefully considering it and would make a decision soon, possibly before the end of the first half of the year.

Foreign media reported that the batteries produced by LG New Energy's planned Arizona plant may be supplied to Tesla, and the electric vehicles produced by Tesla's Shanghai super factory use their batteries.

Foreign media also specifically mentioned in the report that when it said in January that it would press ahead with the plan to build a plant in Arizona, it would supply batteries to Tesla, and speculation was increasing that it would be used in electric vehicles in the US market.