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L-H Battery Company Asset Sale and Ultium Cells Plant Acquisition

Sector: Energy Storage • Location: United States

Source: 조선일보

Project
In Progress

LG Energy Solution sold various assets, including buildings and equipment of the U.S. joint venture 'L-H Battery Company' established with Honda, to Honda's U.S. subsidiary for approximately 4.2212 trillion Korean won to secure cash. Conversely, it acquired the third plant of the joint venture 'Ultium Cells' created with GM for 3.0134 trillion Korean won, planning to operate it independently to ac

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The project “L-H Battery Company Asset Sale and Ultium Cells Plant Acquisition” is an infrastructure initiative in the Energy Storage sector, located in United States. Taiyo aggregates data on it from 조선일보.

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Participants

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in progress

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Description

Description

LG Energy Solution sold various assets, including buildings and equipment of the U.S. joint venture 'L-H Battery Company' established with Honda, to Honda's U.S. subsidiary for approximately 4.2212 trillion Korean won to secure cash. Conversely, it acquired the third plant of the joint venture 'Ultium Cells' created with GM for 3.0134 trillion Korean won, planning to operate it independently to accept other automakers besides GM.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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