LG Chem to invest $5.3B in battery materials by 2025; part of $8.8B investment in new growth engines
Green Car Congress
JULY 17, 2021
LG Chem will invest 6 trillion KRW (US$5.3 billion) in battery materials by 2025, including efforts in anode materials, separation membranes, cathode binders, radiant adhesives, carbon nanotubes, and more, according to LG Chem CEO Hak Cheol Shin. The investment is part of a 10 trillion KRW (US$8.8 billion) investment in new growth engines, also including eco-friendly materials (3 trillion KRW) and new drugs (1 trillion KRW).