28 Sep '15, 7am

LG Chem to Supply EV Batteries to China’s Chery Auto

LG Chem will supply China’s Chery Automobile with batteries for its next-gen electric vehicles, the mass production of which is scheduled to start from the end of this year, South Korea’s leading chemicals and batteries maker announced last week. With the latest deal, LG Chem will be able to win additional orders in the future, as the two companies have agreed to strengthen mutual cooperation. LG Chem has captured more than half of China’s top 10 carmakers, including joint ventures and local brands, gaining the initiative in the world’s largest EV market. LG Chem’s big name customers in China include Shanghai Automotive Industry Corporation, Dongfeng Motor Corp., and the First Automotive Work Group Corporation. They are ranked in the top three. Chery Automobile is a Chinese automobile manufacturing company headquartered in Wuhu, Anhui Province, China. It was founded by the...

Full article: http://electriccarsreport.com/2015/09/lg-chem-to-supply-e...

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