LG Chem plans factory in China to make electric car batteries
LG Chem said yesterday it will build a battery factory for electric cars in Nanjing, China. The three-story factory will be built on 25,000 square meters (6.2 acres) of land by the end of next year and have a capacity of 100,000 batteries annually. Officials of the company and the Nanjing City Government held a groundbreaking ceremony yesterday. It will be LG Chem’s third battery factory after ones in Ohchang, North Chungcheong, and Michigan in the United States.