LG Chem plans to spin off its battery business to stand-alone company

LG Chem plans to move its battery business into a new corporation: LG Energy Solution. The decision was announced at a Sept. 17 board meeting. LG Chem expects to receive approval at a Oct. 30 stockholders meeting with LG Energy Solution officially taking charge of the battery business on Dec. 1, 2020. This will be…

The post LG Chem plans to spin off its battery business to stand-alone company appeared first on Solar Power World.

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