South Korean LG Chemical 1 trillion to build the car battery industry

According to the Investment Adviser Industry Research Center was informed Yonhap Seoul, June 10 Xinhua LG Chemical in Korea first established electric vehicle battery production plant. LG Chemical 10, invited to the Knowledge Economy Minister Lee Youn Ho, North Chungcheong Province governor Zheng Yuze and LT1140ACSW datasheet and other guests, warehouse industrial park in South Korea held a "LG Chemical electric car battery production plant groundbreaking ceremony."

LG chemical that, the electric car market in the next few years, rapid growth, construction is to respond in advance. LG Chemical plans to invest a total of 2013 until the 1 trillion won (about RMB 50 billion), the birthplace of creating a new generation of battery industry in 2015 achieved in the field of electric vehicle battery sales of 2 trillion won, and LT1140ACSW price and the occupation of the world market more than 20%.

They expected, the factory will be built to provide more than 3,000 jobs, manufacturing 4 trillion won in production induced effects. In addition, they also believe that environmental protection battery car market from the current 900,000, in 2013 and LT1140ACSW suppliers and 2015, respectively, to 330 million and 4.6 million, when the battery market will reach 10 trillion won or more.

LG Chemical Company is the parent body of South Korean LG Group, is one of Koreas largest chemical company in the business world, more than 100 countries, mainly engaged in basic chemical raw materials, engineering plastics, fine chemicals, electronic materials, household products and pharmaceuticals production and sales of products up to 2 million species.

It is reported that in January this year, LG Chemical had entered into an agreement with General Motors, from 2010 to 2015, LG Chemical will supply General Motors with the polymer battery pack. Under the agreement, LG Chemical will provide lithium-ion polymer battery pack, the component in the battery pack is the key. In addition, GM will build this year in Michigan, assembly plant, a battery pack, assembled specifically for the VOLT battery pack. According to the plan, VOLT electric car will be listed in the United States in 2010, 2011, to enter the Chinese market. The car can travel 60 kilometers on one charge, the battery runs out to start the car after the small-displacement engine to charge the battery.

This, the investment adviser Lee Sheng-mao said auto industry analyst, the future, electric vehicles will become the mainstream of new energy vehicles, and car batteries are the core components of electric vehicles, despite the new energy vehicles is currently still holds partly cover surface, however, already intensified competition, national electric vehicle-related businesses in this area have put a lot of manpower and resources, I hope the field of electric vehicles in the future to occupy the high ground.