LG Chem to build $1.8 bln EV battery plant in China
Reuters Staff
1 MIN READ
SEOUL, July 18 (Reuters) - South Korea’s LG Chem plans to invest about 2 trillion won ($1.77 billion) to build its second electric car battery plant in China to meet growing demand, a company spokesman said on Wednesday.
The investment will be made by 2023 to increase its total output capacity to 32 gigawatt hours per year, or batteries for around 500,000 electric vehicles, the company spokesman said.
LG will break ground on the new factory in October and expects to begin production in October 2019.
It plans to boost capacity by 2023 at the factory, which like its current plant will be built in Nanjing.
Source: https://uk.reuters.com/article/lg-c...3U8?feedType=RSS&feedName=consumerproducts-SP
- Forums
- ASX - By Stock
- Cobalt Stocks Ready to Explode…Again
LG Chem to build $1.8 bln EV battery plant in China Reuters...
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COB (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.8¢ |
Change
-0.001(1.12%) |
Mkt cap ! $37.53M |
Open | High | Low | Value | Volume |
8.9¢ | 9.0¢ | 8.7¢ | $35.42K | 401.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 63554 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 63554 | 0.088 |
8 | 385695 | 0.087 |
7 | 287139 | 0.086 |
14 | 396120 | 0.085 |
1 | 6000 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 5000 | 1 |
0.090 | 49437 | 5 |
0.091 | 44642 | 3 |
0.092 | 50745 | 4 |
0.093 | 5000 | 1 |
Last trade - 15.23pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
8.8¢ |
  |
Change
-0.001 ( 1.12 %) |
|||
Open | High | Low | Volume | ||
8.8¢ | 9.0¢ | 8.7¢ | 130414 | ||
Last updated 15.32pm 07/05/2024 ? |
Featured News
COB (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online