Will LG Chem supply battery for BMW’s hybrids?
Sept 1, 2016
[THE INVESTOR] Battery firm LG Chem has reportedly inked a supply deal with German luxury sedan maker BMW. The deal is reportedly the second of its kind with the German firm, following the previous one in the latter half in 2015.“LG Chem has stricken a deal to supply its 48-volt lithium-ion battery to BMW with the aim to produce the battery from 2019,” an industry official was quoted by online news outlet News 1 as saying.“I cannot unveil the exact amount, but the deal will be worth, as far as I