LG Power Resolution introduced on its Q2 2025 earnings call that it could enhance its annual manufacturing capability at its battery plant in Holland, Michigan, as a result of market demand.
LGES opened its Michigan LFP battery cell/module manufacturing web site earlier this summer and anticipated to achieve a capability of 16 GWh on the plant previously tooled to make batteries for electrical autos. The corporate stated on the earnings name that it’s going to now attain 17 GWh by the top of the 12 months 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 techniques still receiving the funding tax credit score (ITC) in the USA, there will likely be extra alternatives for non-Chinese language battery suppliers available in the market.
“The corporate expects latest coverage modifications to strengthen limitations towards prohibited international entities getting into the U.S. battery market, thereby reinforcing the benefit for battery corporations which have already secured native manufacturing capabilities and secure operational competencies,” LGES stated within the earnings name.
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