LG Chem plans for huge growth of battery business thanks to EV push

LG Chem, a company of the LG Group conglomerate, had sustained battery sales despite the pandemic, plans on its battery revenue to double by 2025, according to Bloomberg. The company expects to achieve this growth thanks to governmental incentives all around the world pushing for electric vehicles (EVs) adoption. LG Chem is one of the suppliers of Tesla, one of the leading EV makers. This comes after the company's pledge to target carbon neutral growth by 2050Read more on Bloomberg.com.