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LG Chem to supply EV batteries to Hyundai Motor Group

Thursday, 28 May 2020
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Hyundai Motor Group, which includes Hyundai Motor and its sister company Kia Motors, has picked LG Chem as one of the battery suppliers for its upcoming new electric vehicles.

Details of the supply contract including the electric vehicle (EV) model and the full amount of the deal, which are yet to be decided, will be confidential.

Hyundai Motor Group in 2019 had targeted to launch 16 EV models by 2025 with an aim to boost EV sales to 5,60,000 by then.

 
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