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Volkswagen to source electric vehicle batteries from LG Chem

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Volkswagen to source electric vehicle batteries from LG Chem

South Korean chemical company LG Chem Ltd. said that Volkswagen AG selected it as a supplier for electric vehicle batteries, Yonhap News Agency reported.

A formal agreement has yet to be signed but LG Chem received a letter of intent from the German automaker, according to a company official.