Announced
Financials
Sources
Tags
Electronic Components and Equipment
Pending
Japan
ev battery
Private
Joint Venture
Single Bidder
Private Equity
Synopsis
South Korean battery maker LG Chem formed a joint venture with China’s Geely Automobile Holdings to produce batteries for electric vehicles. The joint venture would have annual production capacity of 10 GWh by the end of 2021, and its products would be supplied to Geely’s electric vehicles from 2022. The two parties would invest $94m each in the venture.
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