Hyundai Mobis, LG Chem plan battery venture-report

Newswire

SEOUL, Aug 28 (Reuters) - South Korea's Hyundai Mobis Co and LG Chem Ltd have agreed to set up a joint venture to produce electric vehicle batteries, the Korea Economic Daily reported on Friday citing industry sources. Hyundai Mobis, the auto parts making affiliate of Hyundai Motor Co , would partner with the country's top chemicals firm, LG Chem, to supply batteries for Hyundai Motor and Kia Motors Corp , as well as other car makers, the newspaper said. Spokesmen at both Hyundai Mobis ...

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