Nanjing Archives | Be Korea-savvy

LG Chem to Invest $2 bln in Car Battery Plant in China

SEOUL, Jul. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s biggest chemical company by sales, said Wednesday it will invest US$2 billion by 2023 to build its second car battery plant in China. LG Chem is building the second plant in Nanjing to “preemptively prepare for a growing demand for electric vehicles, with an [...]

LG Chem Invests $450 Mil. in Nanjing’s E-Car Battery Plant

SEOUL, Aug. 5 (Korea Bizwire) – Korea’s biggest chemical firm, LG Chem, will invest US$450 million (about 467 billion won) in a factory for electric car batteries in Nanjing, China, according to “Nanjing Daily,” local newspaper, on August 1. LG Chem already announced on July 2, that it had signed a memorandum of understanding with the Nanjing City government [...]