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LG Energy Solutions to Invest $531m in South Korean “Mother Factory” for Global Battery Production

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. . .

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