LG Energy Solution opens Canada's 1st commercial-scale battery plant

LG Energy Solution (LGES) said Friday that NextStar Energy, the Korean battery maker’s Canadian subsidiary, has completed Canada’s first and only commercial-scale battery manufacturing facility, built to produce batteries for electric vehicles and energy storage systems on a 390,000-square-meter site. During the grand opening ceremony on Thursday (local time), Industry Minister Kim Jung-kwan called the new factory “an important symbol and milestone” of industrial cooperation between Korea and Canada, and asked his Canadian counterpart to continue bilateral collaboration in the submarine sector as well, extending government support for Hanwha Ocean’s bid to win the Royal Canadian Navy’s order for 12 new patrol submarines worth 60 billion Canadian dollars ($43 billion). At the event, Kim said it was particularly meaningful that the plant was built in Ontario, a province that sent troops to help defend Korea during the 1950-53 Korean War. “Just as LGES has fulfilled its commitment to investment and employment, let’s build a long-term, trust-based partnership for the future