China’s Huayou expands to South Korea with LG cathode stake
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China’s Huayou Cobalt said it would acquire a 49% stake in LG Chem’s cathode plant in South Korea, in a deal that expands its global footprint in the battery industry. Huayou and LG said the two companies would invest 437.1 billion won ($352 million) in its plant in Gumi to expand production to 60,000 tonnes […]