LG Energy Solution will build batteries for energy storage systems and electric vehicles at a factory once part of a joint venture with General Motors.
New electric vehicle registrations in the U.S. fell 9.8 percent in April, the smallest decline this year. Tesla's Model Y led the recovery with 61 percent growth.
Automakers weigh their exposure to changing market conditions when deciding which electric vehicle bets to place, leading to delayed models and new launches.
A panel of executives at the New York International Auto Show urged more stability in Washington, a strong intracontinental trade deal and localized production of compelling vehicles.