LGES to Invest 730 bln Won on Domestic Plant for Cylindrical Batteries

SEOUL, June 13 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Monday it will spend 730 billion won (US$567.8 million) on its domestic plant in South Korea to boost production of cylindrical battery cells used in electric vehicles. It will use 580 billion won of the earmarked amount to build a new production line [...]