LG, which will develop new batteries for next-generation electric vehicles to be produced by Renault, said the batteries would boost the travelling range of Renault's electric cars.
Thierry Bollore, Renault's chief competitive officer said the agreement would help Renault develop a diversified group of electric vehicles, according to a statement from the company's South Korean unit, Renault Samsung Motors.
Renault currently offers four electric models - the Twizy urban car, the Zoe mini, the Kangoo Z.E. van and a family sedan, the Fluence Z.E.
The Renault-Nissan Alliance, formed with the Japanese automaker in 1999, has invested four billion euros in the research and development of electric cars.