Navigant Research recently named LG Chem the #1 leading supplier of batteries for electric vehicles. The company has been a longtime partner of GM for the production of the Chevy Volt and it recently attracted interest from other electric vehicle makers such as Nissan and Tesla.
Those manufacturers plan to introduce several mass market electric vehicles in the coming years and if LG wants to keep its lead, it will need to significantly increase its battery production output. And the Korea-based electronic giant is counting on its Michigan battery plant to keep up with the auto market. expand full story