LG Vitality Answer introduced on its Q2 2025 earnings call that it will increase its annual manufacturing capability at its battery plant in Holland, Michigan, attributable to market demand.
LGES opened its Michigan LFP battery cell/module manufacturing web site earlier this summer and anticipated to succeed in a capability of 16 GWh on the plant previously tooled to make batteries for electrical autos. The corporate mentioned on the earnings name that it’s going to now attain 17 GWh by the tip of the yr after which 30 GWh by year-end 2026.
The corporate is anticipating a slowdown in EV demand however elevated demand within the ESS market. With power storage methods still receiving the funding tax credit score (ITC) in america, there might be extra alternatives for non-Chinese language battery suppliers available in the market.
“The corporate expects current coverage modifications to strengthen obstacles towards prohibited overseas entities getting into the U.S. battery market, thereby reinforcing the benefit for battery firms which have already secured native manufacturing capabilities and secure operational competencies,” LGES mentioned within the earnings name.
