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LG Chem-GM battery alliance

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Bold investment key to survival in era of limitless competition

LG Chem has begun a full-scale foray into the U.S. electric vehicle (EV) battery market in a 50-50 joint venture with General Motors (GM). Korea's leading battery and chemical company and GM will invest up to 2.7 trillion won ($2.3 billion) by 2023 to build an EV battery cell plant in Lordstown, Ohio.

Construction will begin in middle of next year and the plant will have an annual capacity of more than 30 gigawatt........

© The Korea Times