LG Chem apparently plans second plant in the US

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LG Chem

According to insiders, the battery manufacturer plans to invest more than $ 1.7 billion in the US.

(Photo: Bloomberg)

DetroitAccording to several insiders, the South Korean battery manufacturer plans a second plant in the USA. In the room is an investment of 1.7 billion dollars. As sites Kentucky and Tennessee would be tested. A decision should be made at the end of the month, one of the insiders said.

The production could then start in 2022. LG Chem is one of the leading battery manufacturers for electric cars and supplies among other things Volkswagen and General Motors.

More: The hunger of the largest German auto company for battery technology is growing. The electric car makes suppliers more powerful.

(t) Electric car (t) E – car (t) Volkswagen (t) VW (t) General Motors (t) Location (t) South Africa (t) Battery factory (t) United States (t) Country (t) Economic policy (t) Job losses (t) Rationalization and rehabilitation (t) Production (t) LG Chem (t) Automotive (t) Batteries

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