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LG Chem picked as biz partner for Faraday Future

All Headlines 09:50 October 04, 2016

SEOUL, Oct. 4 (Yonhap) -- Faraday Future, a Silicon Valley-based electric vehicle (EV) maker, said Tuesday that it has picked LG Chem Ltd, a South Korean electric vehicle (EV) battery maker, as its official business partner.

In a press release posted on its website, Faraday Future said it collaborated with LG Chem on the development of EV battery technology, resulting in the world's highest energy density for a production automotive battery.

LG Chem picked as biz partner for Faraday Future - 1

"These cells will be incorporated into Faraday Future's VPA platform, the company's universal and scalable modular battery structure," said Faraday Future. The VPA platform is a critical component to Faraday Future's forthcoming product portfolio.

"As a leading supplier of automotive cells and batteries, we are proud to work alongside Faraday Future as we work together to create the next generation of electric vehicles," said Lee Ung-beom, the president of Energy Solution Company at LG Chem.

Headquartered in California, Faraday Future, which has more than 1,400 employees, is involved in developing clean, connected electric vehicles.

LG Chem picked as biz partner for Faraday Future - 2

sam@yna.co.kr
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