LG Chem, Volkswagen to Collaborate on Sustainable Mobility Materials

MT Newswires Live

Sep 28

LG Chem (KRX:051910) signed a memorandum of understanding with Volkswagen Group to develop and expand the use of next-generation, eco-friendly mobility materials, according to a Monday press release.

Under the deal, the companies will explore joint development of plastics and composite materials, vehicle lightweighting and performance improvements using LG Chem's ABS and engineering plastics.

They will also explore expanding the use of post-consumer recycled materials and cost-efficient material solutions in interior and exterior components across Volkswagen Group's automotive brands.

The companies will conduct feasibility studies for specific material applications and share information on technology trends and global market developments related to next-generation mobility materials.

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