LG Chem, GM to set up EV battery manufacturing joint venture in Ohio: report
Dec 5, 2019
LG Chem Ltd., South Korea's leading chemical company, and US auto giant General Motors have reportedly reached an agreement to set up an electric vehicle battery manufacturing joint venture in the United States.The two sides are expected to make an announcement on Thursday (US time) on establishing a 50:50 joint venture in Ohio, Reuters reported, citing unnamed sources.GM and LG Chem are expected to chip in more than $1 billion to set up an EV battery producing facility, Reuters said. LG Chem de