SEOUL—LG Energy Solution (LGES) said on Monday it will invest 730 billion won ($567.76 million) to expand its production capacity at its Ochang production site in South Korea.
The South Korean battery maker, which counts Telsa Inc., General Motors Co., and Volkswagen AG., among others as customers, said it planned to invest 580 billion won to add 9 giga-watt hours worth of production capacity of 4680 cylindrical batteries at its No.2 Ochang factory.
