LG Energy Solution Invests KRW 1.7881 Trillion in Canadian Subsidiary
[Asia Economy Reporter Seungjin Lee] LG Chem announced on the 23rd that its subsidiary LG Energy Solution will invest approximately 1.7881 trillion KRW in the Canadian secondary battery production and sales company (LGES-STLA JV).
After the investment, the equity stake will be 51%.
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LG Chem stated that the purpose of this measure is "to secure investment funds for the joint venture in response to the growing demand for electric vehicle batteries in the North American market."
This content was produced with the assistance of AI translation services.
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