Shares of LG Chem Ltd, which supplies batteries to Tesla Inc, climbed on Tuesday, after media said the U.S. electric vehicle maker was looking to acquire a stake in a battery unit the South Korean company wants to dispose of. “Tesla is said to be exploring taking up to a 10 percent stake in LG Energy Solution,” the Korea Times quoted an unidentified banking source as saying, in the U.S. firm’s quest for a stable supply of batteries. Tesla delivered 367,500 vehicles last year. …read more
Source:: Yahoo Finance
