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Renault awards a major contract to LG Chem

October 01/2010

(KoreaTimes) -- LG Chem said Thursday that it has signed an agreement with Renault to supply lithium batteries for the French auto manufacturer's upcoming electric vehicles, which the company said will be its biggest deal in the battery business.


Under a multi-year contract, the LG Group's chemical component-making affiliate will ship the batteries for Renault's EVs, which are expected to be marketed from mid-2011.


"Considering the expected production volume of Renault's EVs, the latest deal will be the largest that LG Chem has inked with automakers so far," said Song Choong-sup, a senior company spokesman.


LG Chem's Executive in Russia James Han is going to participate in Russian Polymers Summit on October 14, 2010, organized by ICIS and MRC. For more information please refer to Summit official web page.

Renault awards a major contract to LG Chem













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