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

Article by Christian A., 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:

Pin It

Comments

Recommended

Sorry to say this to the Sport Quattro Concept fanatics. If you guys have been hoping for the production of this iconic concept to begin, prepare for your dreams to...
by - March 27, 2017
South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
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