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LG Chem, Geely plan to set up JV for EV batteries

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Joint-ventures

Both LG Chem and Geely to invest USD94 million in the JV

South Korean battery maker LG Chem and Chinese automaker Geely have signed an agreement to set up a new joint venture (JV) for producing batteries for electric vehicles (EV) in China, Reuters reported on 13 June, citing a statement from LG Chem.

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