Follow CGSP on Social Media

Listen to the CGSP Podcast

New Billion-dollar Korean-Chinese EV Battery Plant Deal Likely to Anger the U.S.

View of Saemangeum, a reclaimed area along South Korea's southwest coast where LG Chem and China's Zhejiang Huayou Cobalt plan to build a new plant. Image via LG Chem.

South Korea’s LG Chem signed a deal with Chinese mining and metal refining giant Zhejiang Huayou Cobalt to build a massive $920 million electric vehicle battery factory in southwest Korea.

While the proposed factory makes a lot of sense for companies like LG that supply Korean automakers with EV batteries, it may provoke an angry response from the United States.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.