South Korean battery maker LG Chem, one of the leading suppliers of batteries for electric vehicles (EVs), announced on Tuesday December 1 the launch of wholly owned subsidiary LG Energy Solution, intended to develop the group's battery-related business.
LG Chem closed its original battery business division and formally set up LG Energy Solution to better develop the battery side of the the group's activities, according to an official company statement.The new company has appointed as its first president Kim Jong Hyun, who formerly held the same post with LG Chem's earlier battery business, and also appointed chief executive officer Hak Cheol...