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LG Chem & Huayou Cobalt joint venture cathode project expected to put into production in Sep

Large  Small Date:2020-09-14  From:ICC
Note: Recently, Leyou New Energy Materials (Wuxi) Co., Ltd. completed the first phase of cathode material project with a total investment of 1 billion USD in Wuxi High-tech Zone, Jiangsu.
Recently, Leyou New Energy Materials (Wuxi) Co., Ltd. completed the first phase of cathode material project with a total investment of 1 billion USD in Wuxi High-tech Zone, Jiangsu.

Leyou New Energy is a joint venture project company between LG Chem and Huayou Cobalt. The main business of Leyou is cathode material. The registered capital of the joint venture company is US$430 million. The project is constructed in two phases with a production capacity of 100KMT. The first phase has a planned production capacity of 45KMT and expected to be put into production in end of September.

The cooperation between Huayou Cobalt and LG Chem is not limited to cathode materials. LG Chem is an important battery customer for Huayou Cobalt’s ternary precursor products. The two parties also established Huajin New Energy Materials (Quzhou) Co., Ltd. in Quzhou. Ternary material precursor project.


 
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