LG Chem will jointly develop next-generation electric vehicle (EV) batteries with Audi, a brand of one of the world’s largest automakers, the Volkswagen Group.
The South Korean high-tech company announced that it has recently agreed with Audi to co-develop high-capacity battery cells and modules for Audi’s future electric sport utility vehicle (SUV) with a range of more than 500 kilometers with a single charge.
Under the agreement, LG Chem plans to talk over concrete development and supply plans with Audi.
As the company has already secured millions of units of supply from 20 automakers, it has dominated the global EV market.
LG Chem’s customers include General Motors, Volkswagen, Renault, Volvo, Daimler, the Shanghai Automotive Industry Corporation, the Great Wall Motor Company, First Automobile Works, and Hyundai-Kia Motors.