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Tesla Battery Supplier LG Chem Sees a Record Sales

Bloomberg Videos
Updated

Aug.06 -- While the Covid-19 pandemic has dented demand for electric vehicles this year, a South Korean supplier expects its battery sales to reach a new high thanks to strength in Europe and a contract with Tesla Inc.’s factory in China. LG Chem Ltd. Chief Executive Officer Hak Cheol Shin says sales at the world's biggest maker of electric vehicle batteries will reach a record $11 billion this year in an exclusive interview with David Bloomberg's Ingles from Seoul.