LG Chem Could Be Spun-Off Into A Wholly Owned Subisidiary To Fuel Growth: Report

LG Chem competes with Samsung SDI and Panasonic. LG Chem is also well known for making batteries for gadgets like the iPhone.

By Sahil Gupta

| Updated: 17-Sep-20 10:25 AM

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Highlights

LG is planning to spin-off LG Chem
LG Chem supplies batteries to Tesla, VW and GM
LG Chem became the number 1 EV battery supplier during the pandemic