Toyota Motor and LG Energy Solution signed a supply agreement for lithium-ion batteries for use in the Japanese automakers US-built electric vehicles starting in 2025, the companies said on Wednesday .
LGES also is a partner with General Motors in the Ultium battery joint venture, which is building a separate US$2.1 billion plant in Lansing, Michigan to supply GM’s electric vehicles. The North American projections compare with an estimated 291 existing or planned battery factories in China, representing 6.1 TWh of annual production capacity, according to Benchmark.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: