LG Chem to provide HEV batteries to Chinese carmaker

SEOUL, Feb. 5 (Yonhap) -- LG Chem Ltd., South Korea's biggest rechargeable
battery maker, said Friday that it has signed a deal with China's third-largest
carmaker to provide hybrid electric vehicle batteries, starting late this year.

Under the deal with Chang'an Automobile Group, LG Chem will supply lithium-ion
polymer batteries for hybrid electric vehicles to the Chinese carmaker, which
developed a hybrid electric vehicle, CV11, using nickel hydrogen rechargeable
batteries last year.
The lithium-ion polymer rechargeable batteries have a larger output and are much
safer than existing nickel hydrogen models.
A hybrid electric vehicle is powered simultaneously by batteries and a standard
combustion engine to achieve better fuel economy than a conventional car.
LG Chem has been building two electric-vehicle rechargeable battery plants, one
in South Korea and another in the United States since last year.
ksnam@yna.co.kr
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