Tuesday, December 18, 2007

[Korea.net News, Economy / Industry, December 15 2007] LG Chem wins exclusive order to supply hybrid battery to Hyundai Motor

LG Chem Ltd., Korea’s largest chemicals maker, said it has won an order to exclusively supply rechargeable hybrid car batteries to Hyundai Motor Co. Financial terms of the deal weren’t disclosed.

LG Chem said in a statement that it will supply lithium-ion polymer batteries to Hyundai Motor which will mass-produce hybrid vehicles in 2009.

"The order proves our technological competitiveness in rechargeable batteries for cars," LG Chem Vice Chairman Kim Ban-seok said in the statement.

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