LG Chem Signs Battery Supply Deal With Changan
Chinese carmaker Changan Automobile, who earlier this year unveiled the concept electric car Raeton CC Concept, intends to introduce on the market a new plug-in hybrid in 2016.
The new Changan PHEV will be equipped with LG Chem lithium-ion batteries.
There are no details on volume, but Changan, as a well established brand in China with a workforce of 80,000 and $34.1 billion in sales, could (like BYD) sell thousands a month. All depends on the product and price.
LG Chem also forged battery supply deals with Great Wall Motor Co. and Dongfeng Motor Corp. Production of LG Chem batteries in Nanjing, China will begin later this year with annual capacity of 100,000 packs of undisclosed size.