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South Korea's Youlchon Chemical Company won a $1 billion contract to supply high formability aluminium pouch films to Ultium Cells, the GM-LG Energy Solution joint venture, for lithium-ion battery packs between 2023 and 2028.
“South Korea’s Youlchon Chemical Company said it had won a contract worth US$1bn to supply Ultium Cells... with battery components over a period of six years.”just-auto.com
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