LG Energy Solutions has revealed plans to develop its Ochang battery production facility in Cheongju, Chungcheongbuk-do, South Korea, into a "Mother Factory" – a global technology hub for battery manufacturing plants worldwide. The company intends to invest KRW 600bn ($531m) by next year in this endeavor.
The Ochang facility currently serves as the central factory for LG Energy Solutions' battery production plants operating across North America, Europe, and Asia. A new cylindrical battery "Mother Line," which has been under construction since June last year with a KRW 580bn ($511m) investment, is also in progress at the Ochang plant.
The future. . .
