41374
LG to Help Develop EV  for Iranian Market
Economy, Sci & Tech

LG to Help Develop EV for Iranian Market

LG Group plans to work on an electric vehicle specifically for the Iranian market. The company recently signed a preliminary agreement with the Iranian government in this regard, Korea's Chosun Ilbo reported . The agreement only lays out the issues in broad strokes and is to be followed by a proper contract later. According to the deal, LG will develop 20 EVs for Iran's No. 1 automaker Iran Khodro by 2018 and set up charging stations in Tehran and other cities over the next year. LG Electronics, LG Chem and LG Innotek will develop key parts, including engines and batteries. LG CNS will handle the construction of charging stations. Iran Khodro will manufacture the vehicle's body and other parts. An LG Corp. staffer said, "We stayed in Iran despite international sanctions, which appears to have helped us win the trust that led to the agreement." Iran Khodro has made efforts to develop an electric vehicle in recent years, but did not succeed due to sanctions.

 

Short URL : http://goo.gl/7yiBIq
  1. http://goo.gl/RvDg7U
  • http://goo.gl/238DEi
  • http://goo.gl/gEhi9G
  • http://goo.gl/buUNhR
  • http://goo.gl/YHpEVw

You can also read ...

German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...
Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Banking Amendments Approved
The Money and Credit Council approved the Central Bank of Iran...
Prices have been jacked up by car dealers and some makers by 6-22% only in the past few weeks.
Authorities are set to ratify new car prices for models...

Trending

Googleplus