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LG Chem signs long term EV battery provision deal with Daimler Chrysler

Liz Kim  |  jeansun.kim@whowired.com
룿듃궎슦湲 룿듃以꾩씠湲 봽由고듃븯湲 硫붿씪蹂대궡湲 떊怨좏븯湲
듅씤 2015.03.30  14:03:40
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뼯 LG Chem is testing the battery cells produced at the factory in Ochang.

LG Chem clinched a deal with German finished car company Daimler Chrysler to provide EV battery cells. The long term supply deal was struck for Daimler Chrysler’s 2016 year type compact Smart EV. The battery cell will be manufactured as a pack type to be built into EVs. Smart comes in as two and four seaters selling 100,000 units a year with safety features and differentiated designs. 

LG Chem explained that the deal will build the strategic partnership with Daimler Chrysler, a global car maker who wrote the history of cars, to consolidate its market position and to gain an upper hand in the future. 

In fact, LG Chem was invited to the Supplier Day at Benz Center in Stuttgart, Germany as a sole battery producer. Only major part suppliers are invited to the event where Daimler Chrysler shares future strategies. 

Daimler Chrysler started out as a patented motor car in 1886 and developed the world’s very first diesel car 260 D in 1936. Currently the group holds several finished car brands Mercedes Benz. With the latest contract, LG Chem now supplies batteries to 13 out of top 20 global car brands such as VW, Ford, Hyundai Motor, Renault, Audi, and GM. 

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