LG Chem said Wednesday it would supply batteries for Volvo's next-generation EV projects. The batteries will be also used in EVs of Polestar. Financial terms and the size of supply were not disclosed.
LG Chem will supply batteries for Volvo's next-generation models designed on the basis of modular platforms and its electric car brand, Polestar. Volvo uses CMA (compact modular architecture) for small cars. CMA debuted in September 2017 with the release of Volvo's XC40. Volvo plans to release its first fully electric car based on the CMA platform in 2019.
Volvo said that batteries from LG Chem and CATL would be used for Polestar 2, which is due to arrive in Australia next year, and Polestar 3 SUV coupes.
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.