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LG Chem to form Li-ion battery production JV in China

1:01 PM MDT | June 16, 2014 | Natasha Alperowicz

LG Chem said on Sunday that it is in the final stage of selecting a strategic partner to set up a new lithium-ion (Li-ion) battery joint venture manufacturing plant in China. The news follows the signing of deals with two Chinese automakers, Shanghai Automotive Industry Corp.(SAIC) and Qoros Automotive to supply batteries for electric vehicles (EVs). SAIC is China's top automaker. The deals bring to four the number of clients using LG Chem’s batteries in EVs.   This will be LG Chem's third overseas battery plant. The company, the world’s largest...

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