In August, President Biden signed an executive order that set a target to make 50 percent of all new vehicles sold in the United States in 2030 zero-emission vehicles—and ironically garnering the support of some of the biggest names in auto.

In America, Joe Biden said back in August, “The future of the auto industry is electric,” adding the point that those vehicles will be made in America.

To that end, the Department of Energy’s Vehicle Technologies Office has listed 13 new battery plant projects that are scheduled to be completed within the next 5 years.

Top Automakers Are Fueling A Battery Plant Boom In The U.S. | Devamı>>>

LG Chem is prepared to invest $4.5 billion over the next 5 years to expand battery capacity in the United States. In a Thursday email, according to Bloomberg Green, LG Chem said it would not only sink $4.5 billion into battery capacity expansion, but it would hire 10,000 workers.

The company hatched the plan over the last year in response to what it says as the growing demand for electric vehicles and President Biden’s ambitious green policies.

Battery Giant LG Chem to Invest $4.5 Billion in U.S. Expansion | Devamı>>>