Volkswagen to source car batteries from LG Chem - Breaking The News

Volkswagen to source car batteries from LG Chem

4 October

1 min read

EPA / JEON HEON-KYUN

According to documentation filed with South Korean regulators on Thursday, LG Chem Ltd. will start deliveries of batteries for electric vehicles to Volkswagen AG late last year. The manufacturer revealed the plan after it was picked by the German auto giant.

Earlier, the two companies established a biweekly task force during a visit to LG Chem's plant in Poland as Volkswagen said it wants to ensure stable supply for 300,000 units per year from 2021. The Korean firm also has production facilities in the home country, China and the United States. Details about the shipments will depend on demand and market conditions, said the battery maker, which also has contracts with General Motors, Volvo, Renault, Hyundai and Kia.

electric cars tech manufacturing volkswagen auto industry lg chem

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