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LG Chem to triple its EV battery production capacity

AMB News Reporter

News Reporter
Filed under: Green,Hyundai,Tesla,Electric

Electric vehicle battery maker LG Chem plans to triple production capacity for cylindrical batteries used by Tesla and others, and is considering expansion in Europe and North America to meet surging demand, it said on Wednesday. The South Korean firm forecast a further rise in its battery sales and profit in the fourth quarter after posting record quarterly earnings thanks to growing demand for electric vehicle (EV) batteries. "Sales are continuously expected to grow thanks to greater shipmen
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LG Chem to triple its EV battery production capacity
originally appeared on Autoblog on Wed, 21 Oct 2020 08:15:00 EDT. Please see our terms for use of feeds.

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Reuters

 

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