LG Chem says it has won EV battery supply deal with Volvo Cars
Written by MagaFirstNews on May 15, 2019
FILE PHOTO: The logo of Swedish automobile manufacturer Volvo is seen at Stierli Automobile AG company in St. Erhard, Switzerland April 11, 2019. REUTERS/Arnd Wiegmann
May 15, 2019
SEOUL (Reuters) – South Korean battery maker LG Chem Ltd on Wednesday said it has won a long-term deal to supply lithium ion batteries to Volvo Cars for use in electric vehicles (EVs).
LG Chem’s batteries will be used in EVs from both Volvo and the automaker’s EV sub-brand Polestar, the South Korean firm said in a statement without disclosing financial terms.
(Reporting by Cynthia Kim; Editing by Christopher Cushing)