February 26, 2020 11:33
LG Chem said Tuesday that it has been chosen as the exclusive supplier of cutting-edge cylindrical rechargeable batteries to Tesla rival Lucid Motors.
The U.S. carmaker plans to start selling the electric sedan Lucid Air later this year.
The Lucid Air will take only 2.5 seconds to reach 100 km/h and can travel up to 643 km on a single charge.
"The deal with Lucid Motors has allowed us to strengthen our EV battery business portfolio," LG Chem president Kim Jong-hyeon said. He pledged LG will become the No. 1 player in the world in the fast-growing industry.
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