Iran Khodro Cars

Iran Khodro Cars

Ok, where in the world is LG Chem not supplying its next generation of batteries?  Now, an Iranian automaker has approached LG Chem for battery cell production for an upcoming electric car.

Iran Khodro Co., an automaker in Tehran, is reportedly in discussions with LG Chem.

Iran Khodro's Chief Executive Officer Hashem Yekke-Zare, says that “negotiations are underway" and that a deal may be struck as soon as this Fall.

LG Chem is being asked to supply the battery cells and also other vital components. Meanwhile, Iran Khodro is promising production of 60,000 EVs by 2023.

An LG Chem spokesperson commented on the possible deal:

“We are currently carrying out the plans to develop electric vehicles and to set up charging infrastructure in Iran."

No further details were provided.

Ali Izadi-Najafabadi, an analyst at Bloomberg New Energy Finance, added:

“Iran would certainly benefit from electrification of its transport sector as it would lower demand for gasoline and help with air pollution and greenhouse gas emissions, Despite ample oil reserves, Iran does not have sufficient domestic refining capacity to meet its gasoline demand, so it has had to rely on imports.”

Source: Tehran Times