Asian Stocks Mixed as Korean Chipmakers Rally 
Qualcomm Stock Jumps on Amazon AI Chip Deal 
Can Europe shake its Russia links for good? 
Gold Prices Rise as Yen Rally Weakens Dollar 
Longsys Raises $903 Million in Hong Kong IPO as Shares Debut Flat 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Fitch Eyes Japan Budget for Fiscal Discipline 
China Inflation Accelerates in August as CPI, PPI Rise 
German Inflation Accelerates to 2.9% in August 
Google Revamps EU Search Results to Meet DMA Rules 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Nvidia-Groq AI Chip Deal Faces U.S. Antitrust Probe 
Amazon Prime Air Cargo Plane Crash Kills Five at Miami Airport 
Adobe Names Anil Chakravarthy CEO as AI Push Accelerates 
ByteDance Secures $29.6 Billion Loan to Boost AI Investment 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
Add as a preferred source on Google
LG Energy Solution Ltd. (LGES) is investing $600 billion in building a “mother” production line, where it will manage the entire process of designing and implementing technological applications for next-generation products, such as pouch cells.
The process for pouch cells will include not only testing but also verification stages for mass production.
The mother line will be located in its main battery manufacturing complex in Ochang.
LGES, which is ramping up production capabilities to meet surging global demand, announced a 4 trillion-won plan in December last year to expand its Ochang complex by 2026.
The construction of the mother line is set to be completed in December 2024.
The latest move comes as battery makers are bolstering facility investments to respond to the burgeoning demand for EV batteries.
It is also part of efforts to qualify for the Inflation Reduction Act, which gives subsidies to EVs made under stricter conditions.
LGES is spending 580 billion won to build a separate mother line for a next-generation 46-millimeter-diameter cylindrical cell.
