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US automotive giant General Motors will spend USD 19 billion sourcing raw materials from LG Chem for use in electric vehicle batteries.
LG Chem has secured KRW 25 trillion ($18.8 billion) deal with General Motors to supply cathode materials over the next ten years. LG Chem aims to bolster cooperation with GM in the North American market by utilizing its cathode plant in Tennessee, U.S. as a production hub for the global battery material market. A long-term […]
South Korea-based LG Chem has secured a long-term cathode material supply contract with General Motors Co. in Detroit.
LG Chem inked a $19 billion supply contract with General Motors, Wednesday, as the head of the U.S. carmaker came to Seoul to boost business cooperation with major Korean companies.