Aug. 21 at 2:24 AM
LG Energy Solution is considering supplying batteries to the U.S. government and defense contractors for drones and other unmanned weapons systems, as defense demand rises while electric-vehicle growth slows. North America president Bob Lee said the company has received inquiries from several potential U.S. partners, although discussions remain at an early stage.
The move would mark a strategic shift for LG, which has historically avoided the defense sector. The company is also rapidly expanding its energy-storage business, which has become its largest U.S. operation. LG has converted five of eight North American plants originally designed for EV batteries to energy-storage production and expects the business to become profitable by year-end.
LG’s Lansing, Michigan, facility will produce about
$4.3 billion worth of LFP cells for Tesla’s Megapack storage systems starting in 2027, while also supplying Toyota EV batteries.
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