South Korean chemical manufacturer LG Chem has been selected to supply Volvo’s lithium-ion battery pack according to press reports.
Media in South Korea say LG Chem will supply a total pack for Volvo’s electric hybrid car, comprising battery management systems (BMS) as well as the battery cells.
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The reports add LG Chem previously signed deals to provide secondary batteries to the Hyundai-Kia Automotive Group (HKAG), General Motors and Chinese manufacturer Chang’an Automobile Group.
“LG Chem has entered into supply contracts with six companies so far, namely HKAG, CT&T, Chang’an Automobile Group, Eaton Corp, General Motors and Volvo,” LG Chem vice chairman and CEO Peter Bahnsuk Kim is quoted as saying.
Kim is cited as noting LG Chem expects a further four announcements by year-end. “In such [a] case, LG Chem will be able to secure more than ten global supply lines within this year,” he said.
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