Filed under: Green,Electric,Hybrid
In 2018, South Korea's SK Innovation beat its larger, local rival LG Chem to a multibillion dollar deal to supply German carmaker Volkswagen with electric vehicle batteries in the United States. With great fanfare, SK Innovation (SKI) broke ground in March on a $1.7 billion (£1.3 billion) factory in Commerce, Georgia, about 200 km from VW's Chattanooga plant, which will be the automaker's electric vehicle hub in the United States. LG Chem (LGC) had other ideas.
Continue reading Feuding Korean firms risk disrupting electric car battery supplies
Feuding Korean firms risk disrupting electric car battery supplies originally appeared on Autoblog on Sun, 1 Dec 2019 13:00:00 EST. Please see our terms for use of feeds.
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