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HomeBusinessLG Energy Solution to invest $3.1 bln in S.Korea battery production

LG Energy Solution to invest $3.1 bln in S.Korea battery production

SEOUL, Dec 19 (Reuters) – South Korean battery maker LG Energy Solution (373220.KS) said in a statement on Monday it plans to invest 4 trillion won ($3.1 billion) between this year and 2026 to build and expand cylindrical battery production in Ochang, South Korea.

The project is also expected to lead to the hiring of a further 1,800 employees, the company said in a statement.

($1 = 1,298.8400 won)

Reporting by Ju-min Park and Joyce Lee; Editing by Christopher Cushing

Our Standards: The Thomson Reuters Trust Principles.

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