Lotte Chemical Corp. will invest US$200 million in the joint venture with US startup Soelect Inc., a North Carolina-based battery component maker, to produce lithium-metal anodes for electric vehicles in the US by 2025.
When compared to lithium-ion batteries, lithium-metal batteries use metal instead of graphite, which improves energy density and stability.
Lotte Chemical, the petrochemical division of the Lotte Group, a South Korean retail conglomerate, has announced a goal to expand into the green energy and battery materials sectors as part of its long-term growth strategy.
Lotte Chemical announced that it will invest 4 trillion won in the battery materials market to fulfill rising demand from electric vehicle manufacturers, with a goal of 5 trillion won in sales by 2030.


Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas
Gold Prices Pull Back After Record Highs as January Rally Remains Strong
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex
Trump Threatens 50% Tariff on Canadian Aircraft Amid Escalating U.S.-Canada Trade Dispute
Toyota Retains Global Auto Sales Crown in 2025 With Record 11.3 Million Vehicles Sold
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision
Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 



