LG Chem, South Korea’s major manufacturer of powertrain batteries for electric vehicles (EVs), is contemplating on investing a second battery production plant in the US so as to meet the increasing demand from American car makers, according to an exclusive report from Reuters on July 11. Sources with knowledge on this matter told Reuters that LG is planning to commit as much as US$1.7 billion into this project, and that the new plant could be up and running as early as 2022. ...  more
Reuters: LG Chem Plans to Build a New US$1.7 Billion EV Battery Plant in the US |
published: 2019-07-18 10:25 | editor et_editor | category: News |