LG Energy Solution Expands Portfolio with Investments in NCMA & LFP Batteries
๐ฐ LG Energy Solution plans to invest in NCMA (nickel-cobalt-manganese, aluminum) and LFP (lithium-iron-phosphate) batteries to enhance its portfolio. ๐ The South Korean battery supplier invested over 1 trillion won ($760 million) in research and development (R&D) in 2023, marking a significant increase from previous years. ๐ญ LG Energy Solution increased investments in production facilities…