October 30, 2020
SEOUL (Reuters) – LG Chem shareholders approved the company’s proposal to separate its battery business into a new company, a source familiar with the matter told Reuters on Friday.
The decision paves the way for the battery business, a supplier for Tesla Inc and General Motors Co, to potentially raise funds and go public to finance its high-cost capacity expansion.
(Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Himani Sarkar)
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LG Chem shareholders approve plan to split off battery business: source
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October 29, 2020
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