LG Chem to double China battery capacity to meet Tesla demand: Reuters


Source: cnbc.com cnbc.com

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An attendee walks past the LG Chem Ltd. logo displayed at the company's booth at the EV Trend Korea exhibition in Seoul, South Korea, on Thursday, April 12, 2018. SeongJoon Cho | Bloomberg | Getty Images South Korea's LG Chem plans to more than double the production capacity of battery cells it makes in China for Tesla electric vehicles (EV) next year, sources said, to keep up with its U.S. client's growth in the biggest car market. The firm, a supplier for Tesla's Shanghai-built Model 3, will also ship its increased output from China as well as Korea to Tesla's...