 Home > Chemicals Industry > International Chemical > South Korea's LG Chem plans to build a second electric vehicle battery factory in China for 11.9 billion yuan

South Korea's LG Chem plans to build a second electric vehicle battery factory in China for 11.9 billion yuan

 Last Update: 2022-12-27
 Source: Internet
 Author: User

Tags

electric smelting furnace

electric water distiller

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On July 18, South Korea's LG Chem said it plans to invest about 2 trillion won (about 11.
9 billion yuan) to build a second electric vehicle battery plant in China to meet growing demand
.

South Korea's LG Chem plans to build a second electric vehicle battery factory in China for 11.
9 billion yuan

A company spokesman said the investment will be completed by 2023, increasing total battery capacity to 32 GWh per year, or batteries for about 500,000 electric vehicles
.

LG Chem will start construction of the new plant in October and is scheduled to start operations
in October 2019.

The company plans to expand the plant's capacity by 2023, like the one currently under construction in Nanjing
.

Note: This article uses the real-time exchange rate of 1 won = 0.
005951 yuan

，

On July 18, South Korea's LG Chem said it plans to invest about 2 trillion won (about 11.
9 billion yuan) to build a second electric vehicle battery plant in China to meet growing demand
.

Electric vehicle

South Korea's LG Chem plans to build a second electric vehicle battery factory in China for 11.
9 billion yuan

A company spokesman said the investment will be completed by 2023, increasing total battery capacity to 32 GWh per year, or batteries for about 500,000 electric vehicles
.

LG Chem will start construction of the new plant in October and is scheduled to start operations
in October 2019.

The company plans to expand the plant's capacity by 2023, like the one currently under construction in Nanjing
.

Note: This article uses the real-time exchange rate of 1 won = 0.
005951 yuan

，

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Uv stabilizer additive UV-P. tinp,Porex P. CAS 2440-22-4

CAS No.: 2440-22-4

Pharmacy Grade

$100-120/MT FOB

chlorine granules swimming pool 98.5% Purity Chemical Grade Raw Material Cyanuric Acid Granular

CAS No.: 108-80-5

Industrial Grade

$10-12/MT FOB

N-butyl-2,2,6,6-tetramethylpiperidin-4-amine

CAS No.: 36177-92-1

Different Grade

$0.1/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

announcements today(81)

80 20 company(94)

united states logo(227)

single use technology(195)

healthy food name(42)

ups united states(221)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.