LG Energy Solution "Responding to Electric Vehicle Battery Demand"... Subsidiary Debt Guarantee
[Asia Economy Reporter Ji Yeon-jin] LG Energy Solution announced on the 22nd that it has decided to provide a debt guarantee for 783.1 billion KRW borrowed by its affiliate 'PT. HLI Green Power' from ANZ and others. This affiliate is a battery cell joint venture established with Hyundai Motor Company, and LG Energy Solution's guaranteed debt amount is 391.5 billion KRW.
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LG Energy Solution explained, "We plan to secure funding through PT. HLI Green Power by providing this payment guarantee, which will be used as investment capital to respond to the global market demand for electric vehicle batteries."
This content was produced with the assistance of AI translation services.
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