· Five domestic car companies will hold hands with LG to develop electric vehicles

Although it is no longer a new thing for internationally renowned electronics companies to build new energy vehicle power battery production bases in China, LG has attracted people's attention by successively signing joint research and development of electric vehicle agreements with many car companies. With the official launch of the LG Nanjing New Energy Vehicle Power Battery Project in October last year, more and more manufacturers involved in the research and development of new energy vehicles began to seek cooperation with them. Recently, Netcom has conducted relevant information on some of the current mainstream auto companies and found that five companies including SAIC, China FAW, Dongfeng Liuqi, Changan and Guanzhi are all partners of LG Chem.
LG Nanjing New Energy Automotive Battery Project is expected to be completed by the end of 2015
LG New Energy Automotive Power Battery Project is the world's third automotive power battery production base after LG Chem's Kamakura plant in Korea and Holland's Holland plant. It is also the world's most important power battery production base for LG Chem. The plant, which has a total initial investment of about US$500 million, uses the world's leading lithium-ion battery technology in its main project. In the future, it will be engaged in the production of new energy vehicle power battery cells, battery packs and the subsequent assembly of battery packs.
LG Chem is part of LG Group, one of the three largest groups in Korea, and its battery is one of its key industries. In recent years, the Chinese government has continuously introduced policies to support the development of new energy vehicles. In addition, various auto manufacturers have accelerated the launch of new energy vehicles, which indicates that the “spring” of this emerging market is coming. In this regard, LG Chem launched its strategy of entering the Chinese electric vehicle market in 2014, and by the end of this year, the Nanjing plant will be able to meet the demand of more than 100,000 electric vehicles per year.
It is understood that in addition to the latest developments in cooperation with Dongfeng Liuqi, the cooperation between LG Chem and the other four independent auto companies has entered a deep implementation phase. Earlier, LG Chemical revealed: "The current number of orders for four car companies has exceeded 100,000." It is worth mentioning that this move will directly bring LG Chem billions of yuan in operating income.
Cases of technical cooperation on new energy vehicles between different enterprises
Just like the technology of developing traditional energy vehicles a few years ago, the development of new energy vehicles cannot be closed-door, even if it is as strong as BMW, Tesla, and the international first-line brands that have great achievements and influence in the field of new energy vehicles. The choice of power battery also uses products from professional battery manufacturers LG and Panasonic. It can be seen that actively seeking domestic and international cooperation can enable enterprises to achieve mutual benefit and win-win results.

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