LG Chem to Supply Li-ion Batteries to Changan

5 February 2010

Korea Times. LG Chem will supply lithium-ion batteries to China’s Chongqing Changan Auto for application in hybrids, beginning in the second half of this year.

Chongqing Changan, which has already introduced a hybrid van dubbed “CV11” last year in China, plans to sell a hybrid sedan called “CV8” next month. Officials say China’s third biggest automaker will use lithium-ion batteries in its hybrids moving away from nickel batteries from the second half of this year.

...“More deals will come. LG Chem has been in detailed talks with major carmakers in the United States, Europe and Japan to supply our lithium ion batteries,” the top company executive said, adding it would set bigger budgets for research and development (R&D) of the electric car battery business. Industry watchers say LG Chem has engaged in talks with Ford of the United States and Volkswagen, Germany’s largest automaker, to supply its lithium ion car batteries.