Aluco "Signs Basic Supply Contract for Battery Parts with LG Chem and SK Innovation"

[Asia Economy Reporter Minji Lee] Aluco announced on the 11th, in response to rumors or reports, that it has signed a basic contract to supply electric vehicle battery components to LG Chem and SK Innovation.

The basic contract is an agreement that sets forth various matters for transactions with the ordering company regarding the parts supply contract, and it was explained that the quantity and timing may vary at the request of the ordering company.

Finally, it clarified that new product development tests with Samsung SDI have not yet been conducted.