LG Chem-EV materials plants LG Chem, Chinese firm to build EV material plants in Morocco, Indonesia SEOUL, Sept. 24 (Yonhap) -- LG Chem Ltd., South Korea's leading chemical company, said Sunday it has partnered with China's Huayou Group to build four electric vehicle (EV) battery material plants in Morocco and Indonesia amid an acceleration in electrification. On Friday, LG Chem signed four separate initial pacts with Huayou Group to build a cathode plant for lithium iron phosphate (LFP) batteries and a lithium concentrate-processing facility in Morocco and another two plants in Indonesia -- a nickel-processing plant and a precursor plant, the company said in a statement.

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