Mexican Media Brands
LG Chem: No Battery Deal (Yet) with VW
LG Chem Ltd. denies a South Korean media report earlier today that the company has signed a 7 trillion-won ($6.2 billion) deal to supply batteries for Volkswagen AG electric cars.
Share
LG Chem Ltd. denies a South Korean media report earlier today that the company has signed a 7 trillion-won ($6.2 billion) deal to supply batteries for Volkswagen AG electric cars.
DongA Ilbo, which cites no sources, says LG will provide complete batteries for VW’s modular electric drive platform. LG says “no contract has been agreed on” but has not commented on whether it is in talks about such a contract.
Reuters notes that LG already supplies EV batteries to VW and other companies, including General Motors and Renault.
RELATED CONTENT
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
