Future Tech
South Korea's LG Chem to invest $820 million to build battery cathode factory in US
SEOUL - South Korea's LG Chem Ltd 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.
- Reuters
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