LS Materials begins construction of EV aluminum parts plant in Gumi, South Korea

LS Materials' subsidiary HAIMK held a groundbreaking ceremony for a factory at Gumi National Industrial Complex in Gyeongbuk, South Korea, to mass-produce aluminum battery case parts for 300,000 EVs starting Q1 2025. The investment is approximately KRW 75 billion.

“LS Materials announced on the 17th that its subsidiary HAIMK has held a groundbreaking ceremony for a factory producing aluminum parts for electric vehicles at the Gumi National Industrial Complex.”lscns.co.kr

• 2 sources
• lscns.co.krLS Materials begins construction of EV parts plant in Gumi, aiming for mass production early next year < News < PR Center - LS Cable & SystemApr 17, 2024
• koreaherald.comLS Materials breaks ground on EV parts plant - The Korea HeraldKan Hyeong-wooApr 17, 2024

Summarized from public sources; check the original articles before acting on it.