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16 Oct
08:21

LG Chem, Toyota sign new cathode supply deal

South Korean battery giant LG Energy Solution's (LGES) parent company LG Chem has announced it will supply cathode materials to Toyota Motor Engineering & Manufacturing North America, Kallanish learns.  This is another major deal announced by LG after LGES previously signed a battery supply agreement with Toyota North America (see Kallanish passim). The new deal is worth KRW 2.8 trillion ($2.1 billion) and will last until 2030.  It is esti…
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