ID :
40383
Tue, 01/13/2009 - 13:27
Auther :
Shortlink :
http://m.oananews.org//node/40383
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LG Chem to provide batteries for GM`s electric car
By Nam Kwang-sik
SEOUL, Jan. 13 (Yonhap) -- LG Chem Ltd., South Korea's leading producer of
chemicals, said Tuesday it has signed a deal with top U.S. automaker General
Motors Corp. to supply batteries for its plug-in electric car.
Under the deal, LG Chem will supply lithium-ion polymer batteries for GM's
Chevrolet Volt from Nov. 1, 2010 until the end of 2015, the company said in a
regulatory filing.
LG Chem will spend about 1 trillion won (US$700 million) to produce the batteries
by 2013, the company said.
The Volt is being designed to run 40 miles on a single battery charge.
ksnam@yna.co.kr
(END)
SEOUL, Jan. 13 (Yonhap) -- LG Chem Ltd., South Korea's leading producer of
chemicals, said Tuesday it has signed a deal with top U.S. automaker General
Motors Corp. to supply batteries for its plug-in electric car.
Under the deal, LG Chem will supply lithium-ion polymer batteries for GM's
Chevrolet Volt from Nov. 1, 2010 until the end of 2015, the company said in a
regulatory filing.
LG Chem will spend about 1 trillion won (US$700 million) to produce the batteries
by 2013, the company said.
The Volt is being designed to run 40 miles on a single battery charge.
ksnam@yna.co.kr
(END)
