SEOUL -- South Korea's LG Energy Solution recently struck another major joint venture to build an overseas plant for electric vehicle batteries, a strategy it hopes will allow it to lock in customers and rein in costs as it chases global leader Contemporary Amperex Technology (CATL) of China.
Automobiles
LG Energy Solution tackles $228bn EV battery order with partners
Joint ventures with automakers to share plant costs and lock in buyers
LG Energy Solution has formed joint ventures with foreign partners like General Motors in the U.S. and Stellantis in Europe, and plans to build half a dozen battery plants abroad. © Reuters
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