LG Energy Solution (LGES) announced an equity investment in Sion Power, a lithium metal battery technology startup in the United States.Sion Power holds core lithium metal battery tech patents. We aim to foster greater competitiveness and create new values by continuously investing in next-generation technologies and business areas.LGES is building a battery facility in Arizona, where Sion Powers headquarters is also located. The South Korean battery suppliers Arizona facility will produce 46-series cylindrical cells for the North American Market.Initially, LGES planned to produce 2170 cells in Arizona with an annual capacity of 27 GWh. However, in October 2023, it announced a shift to 46-series cylindrical cells in North America.The Asian battery supplier warned of slow revenue growth in 2024. LGES explained that global economic uncertainties might affect electric vehicle car sales and cause slow revenue growth this year.If you have any tips, contact me at maria@teslarati.com or via X @Writer_01001101.