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LG to Invest $6.7B in Solar, EV batteries, LEDs and Water Treatment

The company said that it plans to invest more than $6.7 billion in green businesses by 2015. The investment is expected to yield about $8.4 billion in revenues and create 10,000 new jobs by the end of 2015, according to reports. It's all a part of a strategy the company calls "Green New Business."  LG says it will invest almost $1.7 billion in electric car batteries by 2013; $846 million in solar, LED lighting, and water treatment sectors; and almost $415 million in the silicon business by the end of 2014. Another $338 million will go into solar cell production by 2015.