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LG Chem to Supply Batteries for Ford Hybrids
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LG Chem will sell hybrid cars batteries to Ford from 2012, with annual sales projected at up to 500bn won (US$447m).
Exact battery sales will depend on how many hybrid cars the U.S. No.2 automaker sells, local media reported.LG Chem plans to spend 1 trillion won (US$800 million) to build an electric-car battery plant over the next four years.
The company aims to increase its global market share in the electric-car battery sector to over 20 percent until 2015.
LG Chem will supply GM with li-ion battery cells, electronic components and control hardware.
South Korea's No.1 chemicals company will also supply lithium-ion batteries for hybrid vehicles set to be launched next month by South Korea's top carmaker Hyundai Motor.
[source: Reuters]
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Baran
on
24 April, 2012 11:46:20
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Holly
on
24 April, 2012 11:32:52
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Sergio
on
23 April, 2012 09:16:09
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Tax Rebate
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16 April, 2012 05:51:01
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