Market Chatter: LG Group Invests in Summit Nanotech Series A Funding Round

MT Newswires Live

Mar 20, 2025

LG Group, the parent group of LG Electronics (KRX:066570), invested in Canadian lithium extraction firm Summit Nanotech through LG Technology Ventures, Yonhap News reported Wednesday.

The Series A funding round supports Summit Nanotech's lithium adsorption technology for battery manufacturing. While the exact investment amount was undisclosed, Series A rounds typically range from 2 billion to 10 billion won, the report said.

This follows LG's previous investment in Dallas-based ACT-ion, a firm specializing in high-efficiency single-crystal cathode materials, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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While the exact investment amount was undisclosed, Series A rounds typically range from 2 billion to 10 billion won, the report said.</p><p>This follows LG's previous investment in Dallas-based ACT-ion, a firm specializing in high-efficiency single-crystal cathode materials, it said.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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While the exact investment amount was undisclosed, Series A rounds typically range from 2 billion to 10 billion won, the report said.</p><p>This follows LG's previous investment in Dallas-based ACT-ion, a firm specializing in high-efficiency single-crystal cathode materials, it said.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMMF","symbol_name":"Summit Financial Group","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2520146056","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520146056","pubTimestamp":1742434791,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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While the exact investment amount was undisclosed, Series A rounds typically range from 2 billion to 10 billion won, the report said.This follows LG's previous investment in Dallas-based ACT-ion, a firm specializing in high-efficiency single-crystal cathode materials, it said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}