[Concall] LG Chem "Cathode materials annual production 80,000 tons this year... Securing 260,000 tons by 2025"

[Asia Economy Reporter Hwang Yoon-joo] LG Chem announced on the 28th during its 2021 Q1 earnings conference call that "the production capacity of cathode materials will be expanded to 80,000 tons this year, doubling from 40,000 tons last year."

LG Chem explained, "With clear market growth and competitive development and mass production technologies, we will proactively increase investments," adding, "By 2025, we aim to secure an annual production capacity of 260,000 tons, growing to 6 to 7 times the scale compared to the end of last year."

They continued, "The internalization rate of cathode materials is 30%, and this figure will remain unchanged this year."

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