Over $440 million will be invested in two joint ventures, sending shockwaves across the industry
Korean battery major LG Chem and China’s Huayou Cobalt have announced a huge deal to launch two plants that will have a significant bearing on the lithium ion battery industry’s cathode direction.
The partnership will see a 40,000 tpa lithium ion battery precursor plant and a 40,000 tpa cathode plant being constructed within China over the next 18 months. Both are being installed with a capacity expansion to 100,000 tpa each in mind. It is the world’s most significant . . .
Login to continue reading!
This article is restricted to Benchmark Members
Not subscribed yet?
Interested in Benchmark Membership? Fill in the form below for more details and to receive a free copy of Benchmark Membership's Benchmark Quarterly Review Magazine.