Renault Samsung Motors has announced that the Renault Group and LG Chem have signed an MOU to develop next-gen long-range electric vehicle (EV) batteries and thus forged a strategic partnership.

Both companies are planning to cooperate in the development of lithium-ion batteries used in long-range EVs.

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Even though they did not elaborate on their target miles per charge, the current value of 93 miles will reportedly double, reports say.

To attain their target, LG Chem’s high-energy-density batteries will be used in the joint development.  

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