LG Chem to Supply Electric Vehicle Batteries to Hyundai and Kia Motors

[Asia Economy Reporter Hwang Yoon-joo] LG Chem will supply electric vehicle batteries worth trillions of won to Hyundai and Kia Motors.

According to the automotive and battery industries on the 27th, LG Chem has been selected as the second supplier for the pure electric vehicle dedicated platform 'E-GMP (Electric-Global Modular Platform)' that Hyundai and Kia plan to mass-produce starting in 2022.

The quantity LG Chem will supply this time is the second batch out of a total of four orders Hyundai and Kia will place. SK Innovation was selected as the first supplier.

Earlier, Hyundai and Kia developed the E-GMP to mass-produce electric vehicle dedicated models starting in 2021. Until now, Hyundai has been manufacturing electric vehicles by removing the engine and other components from existing internal combustion vehicles and placing electric motors in the remaining space.

However, by applying the new platform, the battery pack can be widely laid out on the vehicle floor, allowing more batteries to be installed, which ultimately increases the driving range. Additionally, the automotive industry explains that the lower center of gravity improves driving feel and handling.

Regarding this order, an LG Chem official said, "We cannot confirm matters related to our clients."

This content was produced with the assistance of AI translation services.