Volkswagen Group and LG Chem Partner on Next-Generation Mobility Materials
What happened
LG Chem announced a partnership with Volkswagen Group to jointly develop advanced and environmentally friendly materials for future mobility. The companies signed a memorandum of understanding to collaborate on weight reduction and performance improvements in plastics and composites. This includes utilizing LG Chem’s acrylonitrile butadiene styrene and engineering plastics. The partnership also involves exploring the use of postconsumer recycled materials for interior and exterior components of Volkswagen Group’s major brands.
From koreaherald.com
Why it matters
The collaboration between the global automaker Volkswagen Group and the chemical company LG Chem establishes a new strategic alliance in the advanced materials sector. This partnership focuses on developing sustainable and high-performance components crucial for the future of mobility products.
From koreaherald.com
Who's involved
- Volkswagen GroupGerman automotive manufacturing conglomerate partnering on future mobility materials.
- LG ChemSouth Korean chemical company partnering on next-generation materials development.
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The entities involved
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Volkswagen Group
German automotive manufacturing conglomerate
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LG Chem
South Korean chemical company
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