April 27, 2024
Industrials
LG Chem’s EV battery sales to grow 70% this year
[THE INVESTOR] LG Chem, South Korea’s largest chemical company, is expected to see a drastic increase in its electric vehicle battery sales this year, according to industry sources on Dec. 12.
The company’s EV battery sales are estimated to top 1 trillion won (US$856 million) this year, compared with the some 700 billion won last year. Some sources said sales may reach 1.2 trillion won this year.
LG Chem entered the EV battery business in 2009 and the company has supplied batteries to global carmakers, such as Audi and Renault-Nissan, as well as other global automakers.
The Korean company has been working on 83 business projects, along with 29 carmakers, valued at some 36 trillion won.
LG Chem aims to log 7 trillion won in sales from its EV battery business by 2020.
(theinvestor@heraldcorp.com)
The company’s EV battery sales are estimated to top 1 trillion won (US$856 million) this year, compared with the some 700 billion won last year. Some sources said sales may reach 1.2 trillion won this year.
LG Chem entered the EV battery business in 2009 and the company has supplied batteries to global carmakers, such as Audi and Renault-Nissan, as well as other global automakers.
The Korean company has been working on 83 business projects, along with 29 carmakers, valued at some 36 trillion won.
LG Chem aims to log 7 trillion won in sales from its EV battery business by 2020.
(theinvestor@heraldcorp.com)
