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TSLA - Tesla said to be eying investment in LG Chem
Tesla Inc.
Tesla ([[TSLA]] +2.9%) is looking into purchasing a stake in battery maker LG Chem (LGCLF) of as much as 10%, according to the Korea Times.The report follows word earlier this month that LG will spin off its battery business to create a new company called LG Energy Solutions.Tesla is hoping to secure a supply of batteries as it also goes down a dual path of developing its own batteries.Read the full report on Tesla's Battery Day.