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South Korea's LG Chem plans to build a second electric vehicle battery factory in China for 11.9 billion yuan

 Last Update: 2022-12-27
 Source: Internet
 Author: User

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On July 18, South Korea's LG Chem said it plans to invest about 2 trillion won (about 11.
9 billion yuan) to build a second electric vehicle battery plant in China to meet growing demand
.

South Korea's LG Chem plans to build a second electric vehicle battery factory in China for 11.
9 billion yuan

A company spokesman said the investment will be completed by 2023, increasing total battery capacity to 32 GWh per year, or batteries for about 500,000 electric vehicles
.

LG Chem will start construction of the new plant in October and is scheduled to start operations
in October 2019.

The company plans to expand the plant's capacity by 2023, like the one currently under construction in Nanjing
.

Note: This article uses the real-time exchange rate of 1 won = 0.
005951 yuan

，

On July 18, South Korea's LG Chem said it plans to invest about 2 trillion won (about 11.
9 billion yuan) to build a second electric vehicle battery plant in China to meet growing demand
.

Electric vehicle

South Korea's LG Chem plans to build a second electric vehicle battery factory in China for 11.
9 billion yuan

A company spokesman said the investment will be completed by 2023, increasing total battery capacity to 32 GWh per year, or batteries for about 500,000 electric vehicles
.

LG Chem will start construction of the new plant in October and is scheduled to start operations
in October 2019.

The company plans to expand the plant's capacity by 2023, like the one currently under construction in Nanjing
.

Note: This article uses the real-time exchange rate of 1 won = 0.
005951 yuan

，

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