EV Engineering News

LG Chem inks battery deal with Great Wall

LG Chem

Korean battery-maker LG Chem has made a deal with China’s Great Wall Motor to supply lithium-ion batteries for the carmaker’s upcoming plug-in hybrid SUVs, which are scheduled to go into production in 2017.

LG Chem has extended its cooperation with Chinese carmakers in recent years, and with the Great Wall deal, the company says that combined unit orders in China now total over 200,000.

Great Wall Motor

LG Chem plans to ramp up Chinese production with a new plant in Nanjing that’s due for completion this year, and is expected to have an annual production capacity of 100,000 units.

“With the latest deal, LG Chem has secured the largest clientele among global battery-makers in the Chinese market,” said battery business chief Kwon Young-Soo. “We will be able to bolster our No. 1 position from 2016 when the electric car market gets on track for growth.”                                

 

Source: Korea Herald

Comment
Create Account. Already Registered? Log In

Virtual Conference on EV Engineering: Free to Attend

Don't miss our next Virtual Conference on April 15-18, 2024. Register for the free webinar sessions below and reserve your spot to watch them live or on-demand.

LOAD MORE SESSIONS

EV Engineering Webinars & Whitepapers

EV Tech Explained