General Motors will provide advanced batteries to Japan’s Honda Motor, the companies stated Thursday, a move that could apparently reduce the expense of future electric vehicles at both automakers after 2020. The automaker stated the new batteries, which it has branded EME 1.0 and first described last fall, will be smaller than present EV batteries,
Battery maker LG Chem Ltd rejected a media report that it has signed a 7 trillion won ($6.20 billion) deal to provide electric vehicle batteries for Volkswagen. The DongA Ilbo reported on Tuesday that LG Chem would be the battery provider for Volkswagen’s Modular Electric Drive project. The report did not mention any direct sources.