LG Chem will supply batteries for 200-mile EV in 2016

LG Chem

LG Chem CFO Cho Suk-jeh told Reuters this week that the South Korean company plans to supply batteries for an EV with more than 200 miles of range in 2016.

Cho Suk-jeh did not say which automaker(s) would be using the new cells, but GM seems to be a likely candidate. It currently has a supply agreement with LG Chem, and former CEO Dan Akerson said several times that the company is working on a 200-mile EV.

GM has also said that it plans to produce its next generation of EVs at its Bupyeong, South Korea, plant. GM Korea head Sergio Rocha told journalists in April 2013 that the new model will be designed from the ground up as an EV, not adapted from a legacy model, and that GM would continue working with LG Chem.

Last September, GM VP Doug Parks told the AP that GM is working on a new EV (in addition to the next-generation Volt) that will have a range of 200 miles and an MSRP of about $30,000. “The real trick will be who can do a 200-mile car for more of the price range I’m talking about,” Parks said. “We’re all in races to do that.”

 

Source: Reuters