LG Chem to spin off battery unit amid rising EV demand

South Korean company considers listing of LG Energy Solution

20200917 LG Chem

LG Chem will spin off its battery business as demand for electric vehicles rises. (Photo courtesy of LG Chem)

KIM JAEWON, Nikkei staff writer

SEOUL -- LG Chem is to spin off its battery business in December, seeking to capitalize on rising interest in the sector as global demand for electric vehicles rises.

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