26 Sep '16, 3pm

LG Chem Supplying Lithium Ion Cells to Faraday Future

LG Chem Supplying Lithium Ion Cells to Faraday Future

LG Chem may be the leading supplier of lithium ion cells to Faraday Future. According to a Korea Herald article reported by Inside EVs , LG Chem signed a deal with Faraday Future for a supply worth about 2.7 trillion won ($2.4 billion) in August. The announcement had been delayed by the South Korean government’s “recent decision to deploy the US advanced missile system Terminal High Altitude of Area Defense here,” the Korean Herald said. LG Chem cells should be put to use in the upcoming Faraday FFZero1 electric supercar. It’s not scheduled to be launched until 2018, the startup said. The lithium cells are expected to end up in parent company LeEco’s LeSee high-end performance all-electric car, according to Inside EVs . The Tesla competitor boasts a top speed of 130 mph, but its production date, range per charge, and price are yet to be revealed. SEE ALSO: Faraday Future C...

Full article: http://www.hybridcars.com/lg-chem-supplying-lithium-ion-c...

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