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20 Dec
08:42

LGES to further expand investment in domestic EV battery production

South Korean battery leader LG Energy Solution (LGES) plans to invest about KRW 4 trillion ($3.11 billion) to expand the production of electric vehicle batteries in South Korea by 2026, according to a company press release.  This expansion will also focus on domestic cylindrical battery production specifically, since the company expects cylindrical batteries will be the major trend in the near future. The major production ramp up will happ…
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