LG Chem Denies VW Deal
LG Chem Denies VW Deal

LG Chem Denies VW Deal

LG Chem Denies VW Deal

LG Chem based in Seoul has denied a media report that it has signed a 7 trillion won ($6.20 billion) deal to supply electric vehicle batteries to Volkswagen Group.
The South Korean Dong-A Ilbo newspaper reported on Tuesday that LG would be the battery supplier for Volkswagen's new range of electric vehicles based on the new MEB architecture, Reuters reported.
VW brand currently sells electric versions of its Golf and Up cars, but in 2020 plans to launch its first purpose-built EV, a Golf-sized hatchback based on the I.D. concept unveiled at the Paris auto show in October.
"No contract has been agreed on," LG said in a regulatory filing.
The firm declined to comment on whether it was in talks with VW to supply batteries for the project named in the Dong-A report. Volkswagen could not be immediately reached for comment.
LG Chem already supplies batteries to Volkswagen as well as other major carmakers such as General Motors and Renault.


Short URL : https://goo.gl/uzNuC0
  1. https://goo.gl/ZQF02L
  • https://goo.gl/li3QL9
  • https://goo.gl/ZOjXIC
  • https://goo.gl/nf9eKG
  • https://goo.gl/BapGSG

You can also read ...

These Billions in Deals Can Help Iran Counter Trump
It hasn’t been the investment bonanza Iran hoped for, but the...
BIM Links Up With 82 Foreign Banks
Iran’s Bank of Industry and Mine has set up correspondent...
Iran’s Exports to Syria Double
Iran exported $58 million worth of goods to Syria during the...
BMI Expanding Presence in Iraq
Bank Melli Iran–the country’s biggest commercial lender–is...
Motorola Moto X4 Smartphone Details Leaked by Iranian Distributor
Mobile phone maker Motorola's distributor in Iran has...
Potatoes Sold to 13 Countries
More than 60,550 tons of potatoes worth 448.76 billion ($13.83...
Mouteh Gold Mine Output Up 48%
Mouteh Gold Mine produced 136 kilograms of gold ingots during...
Regulations for Dormant Accounts
In order to improve banks’ financial transparency and prevent...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.