Huayou Cobalt, LG Chem to increase Li-ion battery materials supply with JVs
Published: Wednesday, 11 April 2018
Huayou New Energy, a full subsidiary of Huayou Cobalt, and LG Chem will invest in two joint ventures in Quzhou and Wuxi, China, respectively, to produce lithium-ion battery materials, according to a statement filed on the Shanghai Stock Exchange on Tuesday April 10.
With a total investment of $159 million, Huajin New Energy
Materials Co., Ltd will be located in Quzhou, Zhejiang
province, and will be dedicated to the production and sale of
precursor materials for lithium-ion batteries.
Huayou New Energy will hold a 51% stake in the joint venture
and LG Chem...