<div class="container"><div class="row"><div class="col"><div class="article-detail-headline"><h1 class="article-detail_title" style="text-align: center;"><span style="font-size: 10pt;">(World Today Sunday 07 April 2019)</span></h1><h1 class="article-detail_title" style="text-align: center;"><span style="font-size: 14pt;">South Korea's LG Chem sets up joint venture with Vietnam's VinFast</span></h1><h1 class="article-detail_title" style="text-align: justify;"><span style="font-size: 14pt;"><img class="img-fluid bg-red" alt="A woman works at an e-scooter assembly line of Vinfast Auto and Motorcycle factory in Hai Phong city. Photo: Reuters" src="https://img1.daumcdn.net/relay/cafe/original/?fname=https%3A%2F%2Fwww.todayonline.com%2Fsites%2Fdefault%2Ffiles%2Fstyles%2Fnew_app_article_detail%2Fpublic%2Fphotos%2F43_images%2F2019-04-07T022647Z_1_LYNXNPEF3601F_RTROPTP_4_VINGROUP-VIETNAM.JPG%3Fitok%3Da_CpQEb8" lazy="loaded"><strong><span style="font-size: 9pt;">A woman works at an e-scooter assembly line of Vinfast Auto and Motorcycle factory in Hai Phong city. </span></strong></span></h1><h1 class="article-detail_title" style="text-align: justify;"><span style="font-size: 14pt;"><strong><span style="font-size: 9pt;">Photo: Reuters</span></strong></span></h1></div></div></div></div><div class="container"><div class="row"><div class="col"><div class="article-detail-published-social article-detail_byline"><div class="row align-items-center"><div class="col"><div class="article-detail_bytime"><div class="article-detail_bylinepublish"><br></div><div class="article-detail_bylineupdate"><span style="font-size: 10pt;">Updated 07 April, 2019</span></div><div class="article-detail_bylineupdate"><br></div><div class="article-detail_bylineupdate"><br></div></div></div><a title="WhatsApp" class="social-link addthis_button_whatsapp at300b" href="https://www.todayonline.com/world/south-koreas-lg-chem-sets-joint-venture-vietnams-vinfast#" target="_blank"><div class="fa fa-whatsapp" aria-hidden="true"></div></a><div class="atclear"></div></div></div></div></div></div><!----><!----><!----><div class="container"><div class="row"><div class="col"><div class="article-detail_body"><p><strong><span style="font-size: 11pt;">SEOUL</span></strong><span style="font-size: 11pt;"> - South Korea's LG Chem said on Sunday that it has set up a joint venture with Vietnam's VinFast Trading and Production to produce lithium-ion batteries for the Vietnamese carmaker's electric scooters and electric vehicles. </span></p><p><span style="font-size: 11pt;">The two companies established their joint venture factory in the Vietnamese northern port city of Hai Phong, with an aim to produce lithium-ion battery packs for VinFast's electric scooters that are being made now and electric cars to be produced in the future, the South Korean battery maker said in a statement. </span></p><aside class="today-ad-imu ad-imu1 ad-bg col" style="display: none;"><div id="div-gpt-ad-outstream" data-google-query-id="CJ33x9qfveECFY5uYAodllsD8w"><div id="google_ads_iframe_/4654/Today_online/world/outstream_0__container__" style="border: 0pt currentColor; border-image: none;"><iframe name="google_ads_iframe_/4654/Today_online/world/outstream_0" width="640" height="360" title="3rd party ad content" id="google_ads_iframe_/4654/Today_online/world/outstream_0" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" style="margin: 0px auto; border: 0px currentColor; border-image: none; vertical-align: bottom;" data-load-complete="true" data-google-container-id="2h"></iframe></div></div></aside><p><span style="font-size: 11pt;">The plan comes as VinFast, a unit of Vietnam's largest conglomerate Vingroup JSC, aims to become the country's first domestic car manufacturer and targets to produce 250,000 cars per year. Vingroup has earmarked $3.5 billion(2.7 billion pounds) for its overall car manufacturing project. </span></p><p><span style="font-size: 11pt;">Part of the joint-venture plans include providing premium products that meet international standards and supplying lithium-ion battery cells for electric devices and other products belonging to Vingroup, the statement added. <strong>REUTERS</strong></span><br></p></div></div></div></div><p><br></p>
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