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OFME | Michigan Nabs New Investment to Power EV Production from LGES, Toyota

ofme-230 CroppedMichigan Wins $3 Billion Investment Powering New EV Production by LGES, Toyota

Team Michigan is celebrating yet another win in the global race to secure the future of the electric vehicle (EV) and mobility industry with LG Energy Solution (LGES) and Toyota Motor North America announcing plans to partner in powering new EV battery modules out of Holland.

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LGES will supply lithium-ion battery modules to be used in Toyota’s battery EVs and invest $3 billion in its facility to establish new production lines for battery cells and modules exclusively for Toyota, with completion slated for 2025.

READ MORE ABOUT THE NEW EV PRODUCTION IN HOLLAND

 

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