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LG Energy ready to step in if rival can’t proceed in Georgia

With a giant battery factory in northeast Georgia hanging in the balance of a trade dispute, South Korean company LG Energy Solution is now telling some Georgia officials that it could build its own factory in the state if rival SK Innovation can’t proceed.

The Atlanta Journal-Constitution reports LG Energy Solution CEO Jong Hyun Kim wrote a Wednesday letter to Democratic U.S. Sen Raphael Warnock on Wednesday saying LG “is prepared to do whatever we can to help the people and workers of Georgia.”

Kim also wrote that if some other entity acquires the SK plant, LG could help run the $2.6 billion electric vehicle battery plant in Commerce, where SK plans to hire 2,600 workers.

On Thursday, LG announced plans to build at least two new plants and spend more than $4.5 billion to make electric vehicle batteries in the United States, in addition to the plant it’s building in Lordstown, one it already operates in Holland, Michigan, and one it could build in Spring Hill, Tennessee. All those plants are in partnership with General Motors.

LG’s overture comes as Republican Gov. Brian Kemp on Friday renewed his call for President Joe Biden to override a federal trade decision that threatens SK’s ability to move ahead.

What the U.S. International Trade Commission ruling essentially does, according to a local expert, is eliminate SK Innovation, a South Korean company, as competition of electric vehicle battery and chemicals maker LG Chem, which has a 50 percent stake in the $2.3 billion Ultium Cells LLC facility in Lordstown.

Read more in Sunday’s Vindicator.

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