+- (https://hackmyride.com/forum)
+-- Forum: Automaker News (https://hackmyride.com/forum/forumdisplay.php?fid=43)
+--- Forum: Other Automakers (https://hackmyride.com/forum/forumdisplay.php?fid=192)
+--- Thread: Automotive News Toyota and LG Energy sign battery supply agreement to power EVs (/showthread.php?tid=8580)
Toyota and LG Energy sign battery supply agreement to power EVs - Automotive News - 10-04-2023
Toyota and LG Energy sign battery supply agreement to power EVs
<p><a href="https://www.autonews.com/topic/toyota-news" target="_blank">Toyota</a> Motor and <a href="https://www.autonews.com/mobility-report/lg-energy-solution-expand-north-america-ev-battery-manufacturing" target="_blank">LG Energy Solution</a> signed a supply agreement for lithium-ion battery modules for use in the Japanese automaker's battery <a href="https://www.autonews.com/topic/electric-vehicles" target="_blank">electric vehicles</a> that will be assembled in the U.S., the companies said on Wednesday.</p>
<p>LG Energy Solution will supply Toyota with 20GWh of high-nickel NCMA battery modules annually from 2025, manufactured at the South Korean company's Michigan facility.</p>
<p>The battery maker will invest about $3 billion in its Michigan facility to establish new production lines for battery cells and modules exclusively for the automaker, the completion for which is expected in 2025.</p>
https://www.autonews.com/automakers-suppliers/toyota-and-lg-energy-sign-battery-supply-agreement-power-evs