LG Chem sees GM selling over 30,000 Bolt electric vehicles next year
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
Journalists look over the 2017 Chevrolet Bolt EV after it is unveiled during a General Motors keynote address at the 2016 CES trade show in Las Vegas, Nevada January 6, 2016. REUTERS/Steve Marcus
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
SEOUL (Reuters) - South Korea's LG Chem Ltd <051910.KS>, a battery supplier for General Motors Co's (GM) (NYSE: GM) upcoming Bolt electric vehicles, said on Tuesday it expected the U.S. automaker to sell more than 30,000 of the cars next year.
LG Chem vice president Kang Chang-beom made the projection during a conference call to discuss the firm's third-quarter earnings.
GM will be launching its subcompact Chevrolet Bolt EV in the coming months and is seen as a key test of whether the technology can go mainstream in the United States. The car will have an average driving range of 238 miles on a full charge.
(Reporting by Hyunjoo Jin and Jane Chung; Editing by Kenneth Maxwell)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ocean Power Technologies (OPTT) Reports Q2 Loss of $0.25/Share
- MKM Partners Raises Price Target on Broadcom Ltd. (AVGO) to $207 Following 4Q Beat
- U.S. regulator to fail Santander on community lending: sources
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!