LG Energy Solution Plans $3.1B Investment In South Korea Battery Facility: Report


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


  • LG Energy Solution Ltd is planning to invest 4 trillion won ($3.1 billion) from this year through 2026 for a battery facility.
  • The battery facility, Reuters reported, will produce batteries for electric vehicles and other goods.
  • The production facility, located in Ochang, South Korea, will also have a Research and Development center and is expected to provide 1,800 jobs.
  • "We plan to set up a diversified product portfolio including pouch-type and cylindrical batteries to respond to customer needs in a timely manner, and differentiate production capabilities based on a 'smart' factory," the report cited a spokesperson.
  • Also ReadGM, LG Energy Solution JV Invests Additional $275M In Tennessee Battery Cell Plant

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsGeneralBriefsEurasia