Renault, LG Chem Join Forces to Develop Long-Range EV Batteries
You'd be forgiven for thinking a car company called Detroit Electric would produce its cars in, or at least near, Motor City itself. After all, the car bearing the same name was produced there back in the early 1900s.
Renault Samsung Motors announced on May 21 that the Renault Group and LG Chem signed an MOU to develop next-gen long-range electric vehicle (EV) batteries and thus forged a strategic partnership. Both companies are planning to cooperate in the development of lithium-ion batteries used in long-range EVs.
Even though they did not elaborate on their target miles per charge, the current value of 93 miles will reportedly double (i.e. 300 km). To attain their target, LG Chemís high-energy-density batteries will be used in the joint development.
The deal is significant in that two top-ranked firms in each sector decided to join forces. Renault already released four EV models including the Renault Z.E. The company is also expanding its investment to sell 1.5 million EVs by 2016, together with Nissan, which belongs to the Renault-Nissan Alliance. Renaultís EVs are fitted with LG Chemís lithium-ion secondary batteries, while Nissan is supplied with batteries from the Automotive Energy Supply Corporation (AESC), a joint venture between Nissan Motors and the NEC Corporation