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  • 3 months ago
LG Energy Solution said Tuesday it has not halted construction of its U.S. battery plants despite a September 4th immigration raid that temporarily detained hundreds of workers, according to The Wall Street Journal. Bob Lee, the company’s North America chief, told reporters in Detroit that LG is working to ensure customer commitments remain unaffected. Lee’s remarks followed a massive U.S. immigration raid at an LG-Hyundai battery plant in Georgia that Hyundai’s CEO said would delay construction by up to three months. The raid at the site jointly owned with Hyundai detained 475 workers, including over 300 Koreans, with 316 later flown home. The raid highlighted challenges Korean companies face in securing U.S. authorization for skilled workers needed to build new manufacturing plants. Hyundai CEO José Muñoz estimated the disruption would delay construction by up to three months.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02LG Energy Solutions said Tuesday that it has now halted the construction of its U.S. battery
00:06plants despite a September 4th immigration raid that temporarily detained hundreds of
00:10workers, according to the Wall Street Journal. Bob Lee, the company's North America chief,
00:14told reporters in Detroit that LG is working to ensure consumer commitments remain unaffected.
00:18These remarks filed a massive U.S. immigration raid in an LG Hyundai battery plant in Georgia
00:23that Hyundai's CEO said would delay construction by up to three months.
00:26The raid at the site, jointly owned by Hyundai, detained 475 workers, including over 300 Koreans,
00:32with 316 later flown home. The raid highlighted challenges Korean companies faced in securing
00:37U.S. authorization for skilled workers needing to build new manufacturing plants. Hyundai CEO
00:41Jose Munoz estimated the disruption would delay construction by up to three months.
00:46For all things money, visit Benzinga.com.
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