LG Chem signs $19bn deal with GM to supply battery materials

South Korean company's long-term contract comes amid EV market slowdown

20240207 LG Chem

South Korea's LG Chem expects its cathode manufacturing plant in the U.S. state of Tennessee to look like this image. (LG Chem)

KIM JAEWON, Nikkei staff writer

SEOUL -- LG Chem has signed a 24.7 trillion won ($18.6 billion) deal to supply electric vehicle battery materials to General Motors over the course of a decade.

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