LG to invest billions in US battery business amid electric cars drive

The corporate logo of LG Electronics (AP)

LG Energy Solution has said it will invest more than 4.5 billion dollars (£3.2 billion) in its US battery production business by 2025 as car makers ramp up production of electric vehicles.

The Korean company, which has a joint venture with General Motors (GM), said the investment will help create 10,000 jobs, including subcontractors.