LG Energy Pivots Factory Production to Energy Storage
LG Energy Solution is shifting most of its North American factory output from electric vehicle batteries to energy storage systems. Driven by AI data center demand, the pivot requires adopting lithium iron phosphate chemistry.
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LG Energy Solution is pivoting five of its eight United States factories to energy storage systems by late 2026 amid soaring AI data center demand. The shift follows a slower-than-expected electric vehicle adoption rate earlier this decade. The pivot allows the battery maker to tap into booming utility demand while managing excess capacity.
