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LG Chem secures $5bn loan to build lithium-ion manufacturing plants as it announces US gigafactory plans with GM

Wed, 12/11/2019 - 14:14 -- Paul Crompton

Korean battery maker LG Chem has secured around $5 billion in loans to build lithium-ion manufacturing plants outside of the country between 2020 and 2024.

The money has been earmarked by a group of financial institutions led by the state-run lender Korea Development Bank (KDB), and which includes the Export-Import Bank of Korea and Nonghyup Bank.

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