Proterra congratulated LG Energy Solution on its announcement that it will construct a battery manufacturing complex in Queen Creek, Arizona. Proterra and LG Energy Solution previously announced a long-term supply agreement to provide Proterra with cylindrical cells produced at an LG Energy Solution battery cell manufacturing plant in the United States. Today’s announcement by LG Energy Solution regarding the future Queen Creek, Arizona complex represents a major step forward to secure Proterra access to multiple gigawatt hours of dedicated U.S.-manufactured battery cell capacity on an annual basis.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PTRA:
- Proterra Congratulates LG Energy Solution on Announcement of Arizona Battery Manufacturing Complex
- Proterra Recovers after Fixing Its Debt
- Proterra reaches binding letter of intent with Cowen convertible note holders
- Proterra Reaches Binding Letter of Intent with Cowen Convertible Note Holders
- Proterra price target lowered to $5 from $10 at DA Davidson