SEOUL:
Hyundai Motor Group, which includes
Hyundai Motor and its sister company Kia Motors has picked
LG Chem as one of the battery suppliers for its upcoming new electric vehicles, a group spokesman said on Wednesday.
Details of the supply contract including the
electric vehicle (EV) model and the full amount of the deal, which are yet to be decided, will be confidential, the spokesman said.
LG Chem declined to comment.
Hyundai Motor said last year it would launch 16 EV models by 2025 with an aim to boost EV sales to 560,000 by then.