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The Fair Trade Commission (FTC) has approved the establishment of a joint venture between LS, which produces the core material of secondary batteries and L&F. The joint venture is tentatively named LS L&F Battery Solution.
■ The Korean battery maker signed an MOU with South Chungcheong Province and Seosan City on the 16th to build its third facility in Seosan, expecting to stimulate local economy . -Today at 05:39 am- MarketScreener
LG Energy Solution will build two battery recycling plants in eastern China under a joint venture with top Chinese cobalt producer Huayou Cobalt, marking the first collaboration of its kind in the industry between Korean and Chinese companies. The pretreatment factory, which will be set up in Nanjing, Jiangsu province, will extract battery scrap generated from battery production and process used batteries, LG Energy.