February 21, 2024

South Korea’s LG Chem to speculate $820 million to construct battery cathode manufacturing unit in US

South Korea’s LG Chem Ltd stated on Friday it can make investments $820 million to construct a battery cathode materials manufacturing unit within the U.S. state of Tennessee.

Final yr, the South Korean petrochemicals maker introduced its plans to speculate greater than $3 billion by means of 2027 to construct a battery cathode manufacturing unit in Tennessee because it ramps up plans to fulfill the rising demand for electrical car (EV) elements.

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