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LG revs up Asia’s green-car capital engine

A Tesla electric car drives past a crossing in Shanghai, China March 9, 2021. Picture taken March 9, 2021. REUTERS/Aly Song – RC2DRM9ZSZL4

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HONG KONG, Jan 11 (Reuters Breakingviews) – Asia’s capital markets are ready to fire on all cylinders for the electric-car boom. LG Chem (051910.KS) is starting the regional frenzy with its $10.7 billion battery spinoff. For now, investors have good reasons to go along for the ride.

LG Energy Solution’s upcoming Seoul market debut puts it in pole position to be Asia’s biggest initial public offering for 2022.

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