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Zhejiang Huayou Cobalt

LG Chem starts work on second China battery plant

Mon, 11/05/2018 - 00:00 -- John Shepherd
LG Chem ground breaking ceremony

South Korean lithium-ion battery firm LG Chem has broken ground for its second electric vehicle battery factory in China.

LG Chem said the facility, first mooted earlier this year, would be built in stages up to 2030 in the Nanjing economic development zone, in China’s eastern Jiangsu province, at a total cost of KRW 2.1 trillion (US$1.8 billion).

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Huayou partners with LG Chem as China-South Korea ‘battery wars’ thaw continues

Mon, 04/16/2018 - 10:19 -- Xuan Zhong
Huayou partners with LG Chem as China-South Korea ‘battery wars’ thaw continues

Another Chinese-South Korea investment deal has been done to produce lithium battery materials in China— in the latest sign of a thaw in economic tensions between the countries.

Chinese mining company Zhejiang Huayou Cobalt said its subsidiary, Huayou New Energy Technology, has signed a deal with South Korea’s LG Chem to launch two new joint venture companies at a total investment of some $645.6 million.

 

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South Korea-China deal to ease battery tension?

Mon, 02/05/2018 - 10:52 -- Xuan Zhong
South Korea-China deal to ease battery tension?

Chinese and South Korean businesses have formed two new joint ventures to produce lithium-ion battery materials from bases in China.

The move follows months of claims and counter claims over China’s alleged “blocking” of South Korean batteries in a heated trade spat.

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