[Concall] LG Chem "Positive on Extension of Chinese EV Subsidies"

[Asia Economy Reporter Park So-yeon] LG Chem stated during the conference call following the announcement of its Q1 2020 earnings on the 28th that the Chinese government's extension of the electric vehicle battery subsidy policy "will have a positive impact on the market as the demand for electric vehicles is expected to continue increasing in the mid to long term." They added, "Recently, vehicles equipped with our batteries have been added to the subsidy list, and regulations on overseas electric vehicles are also being eased, which will create greater opportunities for us." They further mentioned, "We are looking to expand business opportunities within China beyond the vehicles currently on the subsidy list."

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