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LG and GM to build second EV battery plant in US for $2.3bn

South Korean companies rush to cash in on Biden infrastructure plans

A conceptual rendering of the Ultium Cells battery cell manufacturing facility to be built in Spring Hill, Tennessee. (Photo courtesy of General Motors)
KIM JAEWON, Nikkei staff writer | North America

SEOUL -- LG Energy Solution and General Motors will invest more than $2.3 billion to build another battery cell manufacturing plant in the U.S., the companies announced Friday at an event in the state of Tennessee, where the factory will be located.

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