LG Chem to Invest $3 Billion in Cathode Material Plant in Tennessee, USA (Breaking News)
[Asia Economy Reporter Oh Hyung-gil] LG Chem announced on the 22nd that it has signed a memorandum of understanding (MOU) with the government of Tennessee, USA, to invest more than $3 billion by 2027 to establish a cathode material plant with an annual capacity of 120,000 tons in Tennessee.
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- After Topping 8,000 Instead of Hitting 10,000... KOSPI Plunges—When Will It Rebound?
- "What? It Wasn't a Wristwatch?" This Brand's Stock Soared 15%, Then Plunged After Official Announcement
- [Breaking] Court Partially Grants Samsung Union Injunction... "Maintain Normal Operations"
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
The company stated, "Through this, we plan to grow the sales of the battery materials business, including cathode materials, more than fourfold from about 5 trillion KRW in 2022 to about 20 trillion KRW in 2027."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
