LG Chem and Geely form China JV for EV batteries; new 10 GWh plant by end of 2021

Green Car Congress
By mmillikinJun 14, 2019, 9:46 am270 pts
LG Chem Ltd. will establish an electric vehicle (EV) battery joint venture (JV) in China with Geely Automobile. Under the terms of a new joint venture agreement, LG Chem and Geely Automobile will establish a 50:50 venture. LG Chem and Geely will each invest US$87 million. The factory site and the name of the JV…

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