{"id":1548696,"date":"2022-07-11T12:49:37","date_gmt":"2022-07-11T16:49:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1548696"},"modified":"2022-07-11T12:49:47","modified_gmt":"2022-07-11T16:49:47","slug":"s-koreas-lg-energy-solution-to-supply-batteries-to-indias-mahindra-source","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/s-koreas-lg-energy-solution-to-supply-batteries-to-indias-mahindra-source\/","title":{"rendered":"S.Korea\u2019s LG Energy Solution to supply batteries to India\u2019s Mahindra -source"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fs-koreas-lg-energy-solution-to-supply-batteries-to-indias-mahindra-source%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1548696&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>SEOUL (Reuters) \u2013     South Korean battery maker LG Energy Solution is set to supply batteries to Mahindra &#038; Mahindra\u2019s first electric sports utility vehicle (SUV), a source familiar with the matter said on Monday. <\/p>\n<p>The batteries will power the Indian automaker\u2019s XUV400 SUVs,  likely scheduled for delivery between the fourth quarter and January, the source said. <\/p>\n<p>The source, who did not confirm the size of the supply deal, declined to be identified as the plans were not yet public. <\/p>\n<p>Before LG Energy Solution was split off from its parent company LG Chem, Mahindra in 2018 signed a deal with LG Chem to collaborate on the supply and technology of lithium-ion batteries based on nickel, cobalt and manganese chemistry, according to a Mahindra statement.  <\/p>\n<p>LG Energy Solution declined to comment. Mahindra did not immediately respond. <\/p>\n<p>Mahindra last week raised $250 million from British International Investment for its new EV unit at a valuation of $9.1 billion.<\/p>\n<p>\u00a0\u00a0\u00a0 The automaker has plans to launch five electric SUVs over the next few years starting with the XUV400 in September. These models are expected to contribute up to 30%, or about 200,000 units, of its total annual SUV sales by March 2027.<\/p>\n<p>\u00a0\u00a0\u00a0 Its chief executive told Reuters in an interview that Mahindra could consider investing in a battery-cell company to meet future electrification needs.<\/p>\n<p> (Reporting by Byungwook Kim and Aditi Shah, Editing by Louise Heavens)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/s-koreas-lg-energy-solution\/file-photo-mahindra-funster-electric-concept-suv-is-on-display-2\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/tagreuters.com2022binary_LYNXMPEI6A09C-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI6A09C-VIEWIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/s-koreas-lg-energy-solution-2\/file-photo-the-logo-of-lg-energy-solution-is-pictured\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/tagreuters.com2022binary_LYNXMPEI6A09I-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI6A09I-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL (Reuters) \u2013 South Korean battery maker LG Energy Solution is set to supply batteries to Mahindra &#038; Mahindra\u2019s first electric sports utility vehicle (SUV), a source familiar with the<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1548696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1548696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1548696"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1548696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1548696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1548696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1548696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}