SEOUL/GUANGZHOU -- South Korea's LG Energy Solution has its sights on taking the EV battery crown from China's CATL, with plans to expand production in six countries and to develop cutting-edge power cells with the proceeds of its potentially record-breaking stock market debut.
LG Energy and parent LG Chem aim to raise 12.75 trillion won ($10.7 billion) through the former's initial public offering on Jan. 27 -- more than double the current record in South Korea of 4.9 trillion won held by Samsung Life Insurance in 2010.
