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LG Chem gets exclusive contract to supply LiIon batteries to Hyundai/Kia

South Korea's LG Chem has just scored a second big contract for their automotive lithium ion batteries. Earlier this year, the company, along with U.S. subsidiary Compact Power Inc., were one of two groups awarded development contracts from General Motors for the Chevrolet Volt program. The new contract comes from Hyundai for use in hybrid-electric vehicles starting in 2009. The batteries will be used in hybrids under both the Hyundai and Kia brands. [Source: Korea Times] ... Read more →

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