South Korea's LG Chem to invest $820 mln to build battery cathode factory in US

LG Chem

15/12/2023 07:19

SEOUL, Dec 15 (Reuters) - South Korea's LG Chem Ltd
 051910.KS  said on Friday it will invest $820 million to build
a battery cathode material factory in the U.S. state of
Tennessee. 
    Last year, the South Korean petrochemicals maker announced
its plans to invest more than $3 billion through 2027 to build a
battery cathode factory in Tennessee as it ramps up plans to
meet the increasing demand for electric vehicle (EV) components.
    
($1 = 1,295.4800 won)

 (Reporting by Heekyong Yang; Editing by Jacqueline Wong)
 ((Heekyong.Yang@thomsonreuters.com;))