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LG Chem, Mahindra to Team Up for Development of EV Lithium-Ion Battery Tech
EV Battery Business in India
LG Chem, Mahindra to Team Up for Development of EV Lithium-Ion Battery Tech
  • By Jung Min-hee
  • February 27, 2018, 03:15
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LG Chem will develop high-density energy batteries based on NCM (nickel, cobalt, manganese) cathode materials and supply them to Mahindra.
LG Chem will develop high-density energy batteries based on NCM (nickel, cobalt, manganese) cathode materials and supply them to Mahindra.

 

According to related industries on February 26, LG Chem will cooperate with Mahindra & Mahindra, an automobile affiliate of India’s Mahindra Group, on lithium-ion battery technology for electric vehicles.

Through this collaboration, LG Chem will develop high-density energy batteries based on NCM (nickel, cobalt, manganese) cathode materials and supply them to Mahindra. This time, the batteries will be supplied to Mahindra and Ssangyong Motors, a subsidiary of Mahindra.

LG Chem will also develop lithium-ion battery modules for Mahindra Electric. Mahindra Electric is a manufacturer of battery packs for the Mahindra Group and other automakers. LG Chemical and Mahindra will be bound by the contract for a total of seven years.

Mahindra is planning to secure a capacity to produce half a million battery modules in the future, and to build a production line to assemble battery packs. The battery module and pack assembly facility will be put into operation starting in the first quarter of 2020.