LG Chem breaks ground on 2nd EV battery plant in China
LG Chem is adding new production capacity in China, where Beijing hopes to create a world-leading electric vehicle industry and supply chain. The South Korean company on Tuesday hosted a groundbreaking ceremony for its second electric-vehicle battery plant in Nanjing. It plans to invest 2.1 trillion won ($1.8 billion) at the site by 2023.
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