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Battery producer says Tesla competition is not menacing

2014-10-15 12:48:09| Chemicals - Topix.net

LG Chem, the South Korean auto battery maker that seems poised to dominate the global market for the packs that represent the lifeline of plug-in hybrid and electric cars, says it would take hold of 25% of the segment's US sales by 2017. Although many analysts, executives and observers forecasted electric cars as the next big thing for the automotive world, many limitations - including price, recharging network and range - have postponed the segment's rise to prominence.

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