The EV battery business has gotten so big and complicated for LG Chem that it is reportedly on the verge of spinning off its EV battery business in order to raise money to help scale up production faster. The company is accustomed to seizing the day.“The company has relied on speed, scale and geographical diversity in its global assault on dominating the EV market,” Benchmark writes. “LG Chem were one of the first movers in both aggressively scaling capacity and planning multiple battery megafactories or gigafactory(ies) across the world.”Indeed — LG Chem has been more bullish and more aggressive than others when it comes to the transition to electric vehicles. Hence the reason almost every automaker and their mother has a contract with LG Chem for batteries. QUOTE.
COB has definitely chosen the right partnering with this progressive battery production company IMO
https://cleantechnica.com/2020/09/24/how-will-lg-chem-scale-up-its-ev-battery-production-as-tesla-explodes-onto-scene/
The EV battery business has gotten so big and complicated for LG...
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