Top EV battery maker LG Chem in JV talks with automakers: CEO

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By Hyunjoo Jin and Heekyong Yang
SEOUL (Reuters) – LG Chem, the world’s top electric vehicle (EV) battery maker, is in talks with a “couple” of automakers to create joint ventures to produce automotive batteries, Chief Executive Officer Hak Cheol Shin told Reuters on Friday.
LG Chem is already moving ahead with battery joint ventures with GM and Geely and hopes to expand to other carmakers, Shin said, without elaborating.
“Our joint ventures with Geely and GM have been already announced, and we have ongoing discussions with a couple of other automakers,” he said.
The South Korean company currently supplies batteries from its Nanjing, China, factory for Model 3 vehicles built at Tesla’s Shanghai plant.
“We have started supplying …

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