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09 Jul
13:45

LG to invest $13 billion in South Korean battery sector

South Korea’s LG Energy Solution and its parent company LG Chem will invest 15.1 trillion won ($13.09 billion) to expand its battery manufacturing capacity in South Korea by 2030. The investment is aimed at making the Asian national a battery technology hub, as well as “solidifying LG as the world’s No.1 in next-generation batteries,” LG Energy Solution’s ceo Kim Jong-Hyun. He notes that LG started mass production of lithium-ion seco…
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