LG Chem shareholders approve plan to split off battery business: source

31-Oct-2020 Intellasia | Reuters | 7:28 AM Print This Post

LG Chem shareholders approved the company’s proposal to separate its battery business into a new company, a source familiar with the matter told Reuters on Friday.

The decision paves the way for the battery business, a supplier for Tesla Inc and general Motors Co, to potentially raise funds and go public to finance its high-cost capacity expansion.

https://www.reuters.com/article/us-lg-chem-shareholder-meeting-idUSKBN27F056

 

Category: Korea

Print This Post

Comments are closed.