LG Chem to Expand Battery Plants in China
12 January, 2019
LG Chem on Thursday announced that it will invest W1.2 trillion by 2020 to expand its two battery plants in Nanjing, China (US$1=W1,120).
Half of the amount will go toward its plant for electric-car batteries, while the remainder will be spent on a facility for manufacturing small batteries.
In October last year, LG Chem also began construction of a new battery plant for electric vehicles in Hangzhou, China.