LG Chem to supply batteries for Ford hybrids
Exact battery sales by South Korea's No.1 chemicals company will depend on how many cars the U.S. No.2 automaker sells, the Maeil business newspaper reported, quoting a company official.
"The size and condition of the deal with Ford is similar to the one with GM," the official said at the paper.
LG Chem's U.S. unit has reached a deal to supply next-generation lithium-ion batteries for General Motors' Volt plug-in.
A senior spokesman LG Chem said nothing had been decided yet.
LG Chem last year said it would invest 1 trillion won in an electric car battery plant over the next four years, aiming to derive total revenue of 2 trillion won from the battery business by 2015.
LG Chem last year also said it would set up a battery joint venture with South Korea's Hyundai Mobis Co, the car-parts making unit of Hyundai Motor Group. Hyundai Motor Co launched its first hybrid car in South Korea last July.
Related News

NB Power launches public charging network for EVs
FREDERICTION - NB Power announced Friday the eCharge Network, the province’s first electric vehicle charging network aimed at giving drivers worry-free travel everywhere in the province.
The network includes 15 locations along the province’s busiest highways where both fast-chargers and level-2 chargers will be available. In addition, nine level-2 chargers are already located at participating municipalities and businesses throughout the province. The new locations will be installed by the end of 2017.
NB Power is working with public and private partners to add to the network to enable electric vehicle owners to drive with confidence and to encourage others to make the…