latest automotive news, best new and used cars, find a new car 06b1f_Renault-LG-Signing-Ceremony-550x366 Renault, LG Chem Sign MOU To Develop Long-Range Battery Technology Renault

With most EVs getting around 100 miles on a single charge from their battery packs, such vehicles are more suited for the downtown core than a trip to the mountains. However, Renault and LG Chem are looking toward boosting range toward Tesla-like levels, together.

Autoblog Green reports Renault’s CCO Thierry Bolloré and LG Chem’s battery chief Kwon Young-soo signed a memorandum of understanding to develop battery range technology through the use of the latter company’s high-energy-density batteries. LG makes the batteries for EVs and PHEVs, including the Chevrolet Volt, and will supply packs to 20 automakers in 2015, double the business it does currently.

Meanwhile, Renault may use the results of its joint-venture with LG Chem to improve the range — and therefore, potential sales — of its Twingo and other Z.E. EVs. The Twingo was recently shelved in part to less-than-expected demand for the city car, with no word on when the EV will go back on sale.

Article source: http://www.thetruthaboutcars.com/2014/05/renault-lg-chem-sign-mou-to-develop-long-range-battery-technology/