By Reuters | Updated: 15 December 2023
SEOUL, Dec 15 (Reuters) – South Korea’s LG Chem Ltd (051910.KS) said on Friday it will invest $820 million to build a battery cathode material factory in the U.S. state of Tennessee.
Last year, the South Korean petrochemicals maker announced its plans to invest more than $3 billion through 2027 to build a battery cathode factory in Tennessee as it ramps up plans to meet the increasing demand for electric vehicle (EV) components.
($1 = 1,295.4800 won)
© Thomson Reuters 2023
