Stay updated with breaking news from Solution Ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
South Korea's LG Chem Ltd said on Tuesday it will invest more than $3 billion to build a battery cathode factory in Tennessee, as it ramps up plans to meet rising demand for U.S.
South Korea's LG Chem will invest $3 billion to build a battery cathode factory in Tennessee, to meet rising demand for U.S. electric vehicle components.
The facility is part of the company’s efforts to meet the growing demand for American electric vehicle battery components.
GM is investing $35 billion to make its lineup fully electric by 2035, while Ford is plowing $50 billion.
South Korean battery makers have urged the U.S. government to factor in realities of a complex supply chain for the industry and not hold the sector to "impossible requirements" ahead of the