LG Chem wins 3.76 tln-won EV cathode material supply deal from US

13.11.25 12:57 Uhr

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LG Chem, Korea's leading chemical company, said Thursday it has won a major electric vehicle (EV) battery cathode material supply deal from the United States. The contract is valued at 3.76 trillion won ($2.57 billion) and covers the period from Saturday through July 31, 2029, the company said in a regulatory filing. It did not disclose the buyer, citing confidentiality. The contract marks one of the largest such deals for the company despite a temporary slowdown in global EV demand. LG Chem currently has an annual cathode production capacity of 150,000 tons across Korea, China and other locations, and is building a new 60,000-ton capacity facility in the U.S. state of Tennessee.Weiter zum vollständigen Artikel bei Korea Times

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