✉news WorldWorld first seen 4 h ago, last 4 h ago, peak #34
LG Chem and Volkswagen team up on new materials
Original: LG Chem teams with Volkswagen to develop new materials
South Korean chemical maker LG Chem and German automaker Volkswagen have announced a partnership to develop new materials. The collaboration signals growing cooperation between battery and materials suppliers and carmakers as the auto industry works to secure supply chains and advance technologies such as lighter components and next-generation battery materials. Details on the scope and value of the deal have not been disclosed, but industry watchers view it as another step in deepening ties between Asian suppliers and European automakers.
Why now: The partnership highlights the intensifying race among automakers and materials suppliers to secure advanced materials for electric vehicles.
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