LG Chem Ltd and Huayou Group will construct plants of storage materials to Indonesia and Morocco

South Korean LG Chem Ltd and the Chinese Youshan, the affiliated company Huayou groups, will construct to Morocco plant of cathodic materials for electric cars. Partners plan to start production in 2026. It is expected that enterprise capacities will reach 50 thousand tons of cathodic materials, accumulators suitable for production on technologies lithium - iron-phosphate (LFP). As representatives of LG Chem Ltd specify, such volumes it is quite enough for productions 500 thousand units of electric cars the house-keeper of a segment. The plant will deliver LFP cathodes on the North American market. LG Chem Ltd also plan to receive in...