EV battery plant Archives | Be Korea-savvy

LG Energy Solution, GM to Build US$2.6 bln Joint EV Battery Plant in Michigan

SEOUL, Jan. 26 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) and General Motors Co. unveiled a US$2.6 billion plan Wednesday to build a new electric vehicle (EV) battery plant in the United States in their latest move to gain an edge in the global EV market. The factory by Ultium Cells LLC, their U.S.-based [...]

SK On Invests US$2.53 bln for New EV Battery Plant in China

SEOUL, Nov. 4 (Korea Bizwire) — SK On, the new battery spinoff of SK Innovation Co., said it is investing US$2.53 billion to build a new production line for electric vehicle batteries in China, industry sources said Thursday. SK On recently signed a contract with Yancheng city in China’s northeastern Jiangsu Province to build its [...]