LG Chem wins order from Audi to supply batteries for plug-in hybrids

Article by Christian Andrei, on August 24, 2014

LG Chem disclosed that Audi is ordering batteries for its growing plug-in hybrid car lineup. According toi the South Korean battery maker, the supply agreement was valued at “hundreds of millions of dollars." It added that it is expected to win similar orders from Volkswagen Group in the future. The company already boasts of 20 customers, including General Motors.

LG Chem is targeting to reach combined sales of over KRW10 ($9.8 billion) from large-sized batteries by 2018. Audi commenced selling the A3 Sportback e-tron -- its first plug-in hybrid -- in June and is planning to introduce at least three more plug-in hybrid models, according to a report from Automotive News Europe reported.

Audi is planning is start selling the A3 Sportback e-tron in the United States in the second or third quarter of 2015, and in China in the first or second quarter of next year.

Audi is hoping that versatility of plug-in hybrids -- which can be driven independently by an electric motor or a conventional engine – to appeal to people looking for environmentally friendly vehicles.

Audi plans to launch next year a plug-in hybrid variant of the Q7 SUV. It will then launch plug-in hybrid versions of its flagship A8 model and an A6 long-wheelbase sedan for China.

Topics: audi, plug-in hybrid

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nearly all details have been set with regards to the upcoming market introduction of the new Jaguar I-Pace. Its production version was recently previewed at the 2016 Los Angeles Auto...
by - December 8, 2016
WM Motor, a new China-based automaker, recently revealed its forthcoming lineup consisting of affordable electric vehicles. While there is a company is the U.S. that has the same name, they...
by - December 8, 2016
Even when Aston Martin has been mum about the upcoming AM-RB 001 hypercar, Marek Reichman at least has something new to say. In a recent interview with Australia’s Motoring, the...
by - December 8, 2016
The people at Mercedes-Benz are rejoicing. This is simply because for the first time since 1979, Mercedes-Benz has assembled 20,000 – and still counting – examples of the Mercedes-Benz G-Class....
by - December 8, 2016
When Donkervoort Automobielen BV unveiled its Donkervoort D8 GTO-RS limited edition in May 2016, customer interest has been so overwhelming that the Lelystad, Netherlands-based carmaker sold out this one-of-a-kind vehicle...
by - December 8, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries