Soelect and Lotte Chemical want to increase battery component output in the United States

Soelect, a battery startup, and Lotte Chemical, a Korean supplier, said on Tuesday that they will invest more than $200 million in a joint venture in the United States to produce sophisticated battery components for electric vehicles.

The two businesses agreed to scale up production of Soelect's LiX lithium metal anodes for next-generation batteries with increased energy density and faster-charging capabilities.

By 2025....