LG Chem is prepared to invest $4.5 billion over the next five years to expand battery capacity in the United States. In a Thursday email, according to Bloomberg Green, LG Chem said it would not only sink $4.5 billion into battery capacity expansion, but it would hire 10,000 workers. The company hatched the plan over the last year in response to what it says as the growing demand for electric vehicles and President Biden’s ambitious green policies.
Several automakers are planning to electrify their fleet of vehicles. Ford and GM have vowed…Battery Giant LG Chem To Invest $4.5 Billion In U.S. Expansion
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