[THE INVESTOR] LG Chem has co-developed a battery cell with Proterra, a US-based electric bus developer, which will be used for the latter’s long-range electric transit bus, industry sources said on Sept. 20.

The two had worked together for the development of the new battery cell since 2016. Proterra has begun assembling battery packs at a new factory in Burlingame, California.

Last year, Proterra introduced the Catalyst E2, the longest-range electric transit bus on the market. Capable of traveling up to 350 miles on a single charge, the Catalyst E2 meets the full daily mileage needs of nearly every US mass transit route, according to Proterra.

By Alex Lee and newswires (alexlee@heraldcorp.com)