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Wednesday, August 20, 2014

LG Chem wins battery order from Audi for plug-in hybrid cars [VIDEO]

South Korea's LG Chem said on Wednesday it had won an order from Audi to supply batteries for its plug-in hybrid and micro hybrid electric vehicles.

LG Chem said the deal was "worth hundreds of millions of dollars" but declined to give further details. It said it expected to win more such orders from Audi parent Volkswagen in the future.

LG Chem, which has secured a total of 20 customers including General Motors, also it aims to achieve combined sales of over $10 billion from large-sized batteries by 2018.

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