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LG Chem to triple its EV battery production capacity

Auto Blog News Feed - 9 hours 48 min ago

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Electric vehicle battery maker LG Chem plans to triple production capacity for cylindrical batteries used by Tesla and others, and is considering expansion in Europe and North America to meet surging demand, it said on Wednesday. The South Korean firm forecast a further rise in its battery sales and profit in the fourth quarter after posting record quarterly earnings thanks to growing demand for electric vehicle (EV) batteries. "Sales are continuously expected to grow thanks to greater shipmen

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LG Chem to triple its EV battery production capacity originally appeared on Autoblog on Wed, 21 Oct 2020 08:15:00 EDT. Please see our terms for use of feeds.

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VW gauges interest in Ducati from potential buyers

Auto Blog News Feed - Tue, 10/20/2020 - 22:31

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Volkswagen Group is hosting preliminary talks with potential bidders for its Ducati brand to gauge potential interest in the motorcycle maker ahead of a November planning round, three people familiar with the matter told Reuters. During the five-year planning round, VW will review the future of its Ducati brand as well as of its super sports car brands Lamborghini and Bugatti, they said. Volkswagen is analyzing the future of Lamborghini, Bugatti and Ducati as part of broader quest

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VW gauges interest in Ducati from potential buyers originally appeared on Autoblog on Tue, 20 Oct 2020 17:31:00 EDT. Please see our terms for use of feeds.

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