30 Jul '16, 4am

LG Chem in Talks with Iranian Automaker to Supply Battery Cells

LG Chem may add the Middle East to its list of global regions served as talks continue with an Iranian automaker. Iran Khodro Co., an automaker based in Tehran, is reportedly in discussions with LG Chem to provide battery cells for its upcoming plug-in electrified vehicles (PEVs). Iran Khodro’s CEO Hashem Yekke-Zare, says that “negotiations are underway” and that a deal may be struck as soon as this fall. Iran Khodro plans to produce 60,000 PEVs by 2023, and LG Chem would be a key supplier. LG Chem is being asked to supply the battery cells and also other vital components to the Iranian automaker. “We are currently carrying out the plans to develop electric vehicles and to set up charging infrastructure in Iran,” an LG Chem spokesperson said. SEE ALSO: LG Chem May Be Opening a Lithium Battery Plant in Poland “Iran would certainly benefit from electrification of its transpo...

Full article: http://www.hybridcars.com/lg-chem-in-talks-with-iranian-a...

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