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.

OR

Already a subscriber? Log in Click Here to Learn More
by Eric Olander

Most Read

1
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
2 Chinese Military Fans Discuss Why Indonesia Bought Rafale Instead of J-10C
3
Chinese Cargo Planes Secretly Ferrying Supplies to Iran, Claim Online Sleuths
4
Indonesia Goes Nuclear, Taps China and Russia for Modular Reactors
5
Thailand in Last-Minute U.S. Talks as 36% Tariff Looms
6 Trump’s Contradictory Iran Strategy Leaves U.S. Weaker After War’s End, Says Chinese Commentator

You Might Like

Africa’s Largest Mining Conference Set Against Backdrop of Rising Competition Between China and the West

Attendees at next week’s Mining Indaba in Cape Town, Africa’s largest mining conference that gets underway on Monday, say they’re expecting a new sense of urgency from U.S. and European stakeholders who are ...

China’s High-Profile Envoy to the DR Congo to Leave This Week

Zhu Jing, China’s outgoing ambassador, is making the rounds of Kinshasa to say goodbye before leaving the country later this week. He is vacating his post as part of a routine rotation. Zhu was a ...

DRC President Tshisekedi Will Have a Lot to Say to Xi Jinping When They Meet This Week

The Chinese government confirmed that DR Congo President Félix Tshisekedi will embark on a five-day official state visit beginning Wednesday that will also include a meeting with Xi Jinping. Speculation about the President’s trip ...

Why China Wins and the West Loses When the Price of Cobalt Drops

U.S. and European automakers are rejoicing over the 30% plunge in cobalt prices this year, providing relief for one of the costliest elements needed to power electric vehicles. But what’s good for Tesla, ...

What is The China-Global South Project?

Independent

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

News

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.

Analysis

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

Networking

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

More about CGSP