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.

If you liked the article, share on:

Topics: audi, plug-in hybrid

Comments

Recommended

We’re willing to bet that the Bentley Bentayga is not the first thing that comes to mind for most people who are into off-roading and outdoor activities. It just doesn’t...
by - November 23, 2017
The other day, it was confirmed that Volvo will finally bring the XC40 to US soil, where it will first make an appearance at the 2017 Los Angeles Auto Show....
by - November 23, 2017
There is no question that the new BMW M5 (F90) high performance sports sedan is more powerful, faster and more enticing than the previous model. But for interested customers in...
by - November 23, 2017
Following the Tesla Roadster’s electrifying revelation on Thursday, Musk’s highly ambitious goals have skyrocketed when he tweeted about his future plans for the new sports car. Well, kind of. The...
by - November 23, 2017
Earlier in November at the 2017 SEMA Show in Vegas is when Hennessey unwrapped the Venom F5 to all of us. But it was actually first introduced as a concept...
by - November 22, 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