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LG Chem says it has won a major Li-ion battery contract from Audi

Reuters reports that South Korea’s LG Chem said on Wednesday that it had won an order from Audi to supply batteries for plug-in hybrid and micro-hybrid electric vehicles.

According to Reuters, LG Chem said the deal was “worth hundreds of millions of dollars” but declined to give further details. The company also said it expected to win more such orders from Audi parent Volkswagen AG the future.

Currently, the Volkswagen Group’s Volkswagen brand is sourcing batteries for its plug-in vehicles from Panasonic. (Earlier post.)


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