LG Chem to spin off battery business into separate company

MOSCOW (MRC) -- LG Chem decided to spin off its battery business into a new company amid growing demand for electric vehicle (EV) batteries, said Chemweek.It plans officially to launch the new entity with the tentative name LG Energy Solutions on 1 December 2020 after approval from an extraordinary shareholders' meeting to be held on 30 October. LG Chem will possess all the shares issued

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