The South Korean LG Chem company will offer Volvo a complete package, including battery management systems and battery cells.
LG Chem has already included automotive producers from all around the world in its client portfolio, as the company has signed contracts to supply secondary batteries to the Hyundai Kia Group, General Motors and Chang’an Automobile Group.
"LG Chem has entered into supply contracts with six companies so far, namely HKAG, CT&T, Chang'an Automobile Group, Eaton Corp, General Motors and Volvo," LG Chem vice chairman and CEO Peter Bahnsuk Kim was quoted as saying by just-auto.
The company has great plans for the future, as it expects to reach agreements with four additional partners during the course of the present year.
"In such (a) case, LG Chem will be able to secure more than ten global supply lines within this year," the CEO added.
Volvo’s future electric plans include the introduction of an electric version for the C30 hatchback. The first functional electric C30 prototype was unveiled by the automaker in September 2009, with an updated version being showcased at this year’s North American International Auto Show. Volvo will build a pre-production fleet of 50 electric C30s next year.
The electric C30 will use a lithium-ion battery and will offer a driving range of 150 km (93 miles). The car will accelerate from o to 60 mph in under 11 seconds and will reach a top speed of 130 km/h (81 mph).