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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

LG Chem

Asia naphtha recovers
Markets

Asia naphtha recovers

SINGAPORE: Asia’s naphtha crack recovered on Wednesday although gasoline margins fell for a fourth straight ...
Published 03 Jun, 2021 04:13am
GM, LG Energy Solution to build 2nd US battery plant in Tennessee
Business & Finance

GM, LG Energy Solution to build 2nd US battery plant in Tennessee

  • The planned 2.8 million-square-foot plant, scheduled to open in late 2023, will employ 1,300 people and is expected to have a production capacity similar to the companies' Ultium Cells joint-venture plant in Lordstown, Ohio, of about 35 gigawatt-hours as they move to respond to the growing demand in the electric vehicle market.
  • LG Chem said in a regulatory filing that its LG Energy Solution unit will invest $933.5 million in the plant between this year and 2023.
Published 16 Apr, 2021 07:57pm
Battery maker Northvolt signs $14 billion order from Volkswagen
Business & Finance

Battery maker Northvolt signs $14 billion order from Volkswagen

  • The battery maker also said it will sell its share in joint-venture Northvolt Zwei to Volkswagen, while the carmaker increases its ownership in Northvolt.
  • By consolidating cell production to the Northvolt Ett gigafactory, the partners will achieve further economies of scale, thereby securing the best possible cost and enabling the lowest environmental footprint in the world for cell production.
Published 15 Mar, 2021 05:44pm