South Korean battery maker LG Chem to join hands with China's Geely on EV batteries

REUTERS/Damir Sagolj

South Korean battery maker LG Chem Ltd said on Thursday it had signed an agreement to set up a joint venture with China’s Geely Automobile Holdings Ltd to produce batteries for electric vehicles.

The joint venture would have annual production capacity of 10 GWh by the end of 2021, and its products would be supplied to Geely‘s electric vehicles from 2022, LG Chem said in a statement.

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