(Bloomberg) -- A worldwide push toward electrification is causing a three-year wave of initial public offerings in the electric vehicle space that could raise about $100 billion until the end of 2023, according to Bank of America Corp.Most Read from BloombergBillionaire Family Feud Puts a Century-Old Business Empire in JeopardyAn Arab City’s Booming Art Scene Is Also a Grab at Soft PowerChina Cash Flowed Through Congo Bank to Former President’s CroniesGrowing investments in the sector, spanning
SEOUL, South Korea, October 19, 2021--LG Chem developed LUPOY EU5201, a PC/ASA flame retardant material that can replace the metal in solar panel frames and starts market penetration
Investors in General Motors (NYSE: GM) who have been worried about GM's massive $2 billion recall of Chevrolet Bolts for battery fires can breathe easier: GM said on Tuesday that a corporate sibling of its battery-cell supplier, LG Chem, has agreed to cover nearly all of the bill. GM had already said it is recalling and checking every Bolt ever made, and that it will replace the batteries in any vehicle that is at risk of catching fire. GM said in a statement on Tuesday that LG Electronics, another unit of Korean giant LG Group, has agreed to reimburse the automaker for "costs and expenses associated with the recall of Chevrolet Bolt EVs and EUVs due to manufacturing defects in battery modules supplied by LG," about $1.9 billion.