LG Chem to supply batteries for Ford hybrids


High Voltage Maintenance Training Online

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 12 hours Instructor-led
  • Group Training Available
Regular Price:
$599
Coupon Price:
$499
Reserve Your Seat Today
South Korea's LG Chem Co Ltd will sell rechargeable batteries for hybrid cars to Ford Motor Co from 2012, with the annual sales estimated to reach 500 billion won (US $447 million), local media said.

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

Joni Ernst calls Trump's wind turbine cancer claim 'ridiculous'

Wind Turbine Cancer Claim debunked: Iowa Republican senators back wind energy as fact-checks and DOE…
View more

US looks to decommission Alaskan military reactor

SM-1A Nuclear Plant Decommissioning details the US Army Corps of Engineers' removal of the Fort…
View more

Germany is first major economy to phase out coal and nuclear

Germany Coal Phase-Out 2038 advances the energy transition, curbing lignite emissions while scaling renewable energy,…
View more

Shell’s strategic move into electricity

Shell's Industrial Electricity Supply Strategy targets UK and US industrial customers, leveraging gas-to-power, renewables, long-term…
View more

Energy prices trigger EU inflation, poor worst hit

EU Energy Price Surge is driving up electricity and gas costs, inflation, and cost of…
View more

Lack of energy: Ottawa’s electricity consumption drops 10 per cent during pandemic

Ottawa Electricity Consumption Drop reflects COVID-19 impacts, with Hydro Ottawa and IESO reporting 10-12% lower…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Live Online & In-person Group Training

Advantages To Instructor-Led Training – Instructor-Led Course, Customized Training, Multiple Locations, Economical, CEU Credits, Course Discounts.

Request For Quotation

Whether you would prefer Live Online or In-Person instruction, our electrical training courses can be tailored to meet your company's specific requirements and delivered to your employees in one location or at various locations.