LG Chem (China) Technology Center launched in WND

Construction on the LG Chem (China) Technology Center was completed in Wuxi National Hi-tech District on Feb 22.

It is the first independently operated R&D center developed by a South-Korea-based Fortune 500 company in Wuxi.

The center has received a total of $30 million in investment and has a registered capital of $28 million. It covers an area of 13.7 mu (0.91 hectares), housing advanced laboratories and cutting-edge equipment.

It has hired nearly 100 highly-skilled professionals to oversee LG Chem's technical capabilities across the Chinese region (Wuxi, Guangzhou, Beijing, and Shanghai). The center will provide full-scale software and hardware technical solutions and innovative services for LG Chem's production and promote the development of WND by nurturing talent and achieving industrial transformation.

In 2018, LG Chem joined forces with Zhejiang Huayou Cobalt Co to build the largest new energy automotive cathode material production base in WND, which marked the beginning of strategic cooperation between the two sides.

Founded in 1947, LG Chem ranked 472nd on the 2022 Fortune Global 500 list. As the world's fourth-largest chemical company and the largest producer of new energy vehicle power batteries globally, the company is committed to furthering its technological advancements in China.