LG Chem will supply batteriesto Chinese bus manufacturers
LG Chem said Sunday it inked a deal to supply electric-vehicle batteries to two Chinese companies: Nanjing Golden Dragon Bus and Dongfeng Commercial Vehicle Company. The company said the batteries will be used for Nanjing company’s next-generation electric bus and Dongfeng’s small buses. Established in 2000, the Nanjing company became one of China’s top five electric bus sellers with a revenue of 1.3 billion yuan ($209.6 million) last year. Dongfeng specializes in commercial vehicles. According to Lux Research, the global electric bus market will grow from 20,000 units this year to 44,000 in 2020.
with the Korea JoongAng Daily
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