Technology

LG Energy Solution invests W35b in Chinese battery material supplier

LG Energy Solution invests W35b in Chinese battery material supplier

South Korea’s leading battery maker LG Energy Solution will acquire a 4.8 percent stake in a Chinese battery material supplier for 35 billion won ($29.7 million), the company said Friday. The subsidiary of LG Chem said it has signed a deal with China’s Greatpower Nickel & Cobalt Materials for a stable supply of battery materials.

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