LG Energy Solution buys 4.8% stake in China’s Greatpower; secures nickel supply

South Korean battery manufacturer LG Energy Solution (LGES) has agreed to buy a 4.8% stake in China’s Greatpower Nickel & Cobalt Materials Co for 35 billion Won ($29.72 million), the Chinese battery materials producer said on Friday September 17.

In addition, two parties have signed a supply contract for six years, which entails Greatpower supplying a total of 20,000 tonnes of nickel sulfate to the battery...


Susan Zou

September 17, 2021

05:49 GMT