'LG Batteries For Tesla-wannabe.cn(FaradayF)'

Battery For ‘Chinese Tesla’
20 September 2016  Cho Jin-young

(cgi)  Image view of a manufacturing facility to be built by Friday Future
in North Las Vegas, Nevada

LG Chem to Supply Batteries for China’s Faraday Future
Image view of a manufacturing facility to be built by Friday Future in North
Las Vegas, Nevada

According to battery industry sources on September 19, LG Chem, one of the
world’s largest electric vehicle (EV) battery makers, has reportedly struck
a large supply deal with Faraday Future, the EV business arm of Chinese
internet firm LeEco.

Faraday Future, which debuted earlier this year at the CES 2016 in Las
Vegas, unveiled an EV prototype boasting a top speed of 320 kilometers per
hour, emerging as a competitor for Tesla Motors, the world leader in
electric cars. The company is headquartered in California but it is a firm
invested by LeEco, one of the largest online video companies in China. 

The industry expects that LG Chem will supply lithium-ion batteries to power
a mass-produced model of the LeSEE, an electric sedan released in April by
LeEco. Faraday Future will reportedly manufacture the vehicle on behalf of
LeEco. In this regard, an official from LG Chem said, “We cannot clarify our
customer information of EV batteries.” 

LG Chem completed a EV manufacturing factory in Nanjng, China, in October
last year, establishing the foothold to supply a large amount of batteries
to China’s EV firms. The plant currently can roll out 50,000 EV units per
year. The company now plans to expand the annual production capacity to
200,000 units by 2020. Faraday Future intended to construct a fully
assembled car production plant in the U.S. earlier but failed to do so.
Accordingly, the company is reportedly planning to build a new EV plant in
Huzhou, Zhejiang Province of China. 
[© BusinessKorea Co]
Huzhou is a prefecture-level city in northern Zhejiang province, China ... 

Faraday Future invested $6 million in its EV factory, Nevada is satisfied so
SEPTEMBER 15 2016  In order to convince Faraday Future to build its $1
billion electric vehicle factory in Nevada, the state gave the startup an
incentive package worth $215 million in ...
LeEco's electric car project secures US$ 1.08 billion funding
Sep 20, 2016  LeEco's electric car division, SEE Plan (Super Electric
Ecosystem Plan) has completed its first round of funding of US$1.08 billion
(Rs 7,240 crore). Commenting ...

For EVLN EV-newswire posts use: 


View this message in context: 
Sent from the Electric Vehicle Discussion List mailing list archive at 
UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub
Read EVAngel's EV News at http://evdl.org/evln/
Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)

Reply via email to