According to foreign media reports, Hak cheol shin, CEO of LG Chemical, said in an interview recently,LG Chemical's revenue will reach a record 13 trillion won (about 76.33 billion yuan) this year and 30 trillion won (about 176.16 billion yuan) in 2025.
This is because the global electric vehicle industry is at a stage of rapid growth. Xin xuezhe believes that the current penetration rate of electric vehicles is about 3%, and it is expected that the proportion will rise to 10% in 2025.
According to data released by SNE research, the demand for power batteries in the automotive industry has declined for the first time since this year. But LG chemical sales rose 84% in the first half, a positive competition with the Ningde era, which is directly European countries and China's push for electric vehicle sales.
At present, LG Chemical has reached an agreement with Tesla, Renault, GM, Geely and other vehicle Communists to provide power battery products for domestic Tesla, Renault Zoe and future electric vehicles owned by GM and Geely.
According to previous news, LG Chemical accounted for 24.6% of the global electric vehicle battery market from January to June this year, ranking first. Its cumulative battery consumption reached 10.5gwh, an increase of 82.8% over the same period last year. Ningde times ranked second with 23.5% market share.