GM and LG Energy Solution push battery innovation with LMR EV cells targeting 400+ miles range and expanded LFP production for energy storage systems in North America.
LG Energy Solution has inked a new battery supply agreement worth 2.06 trillion won (about US$1.4 billion) with Mercedes-Benz, marking the fourth major with German luxury automaker in just two years.
LG Energy Solution and Toyota Tsusho Corporation announced the establishment of Green Metals Battery Innovations, LLC, a joint venture company focused on battery recycling.
GM is targeting the new LMR prismatic battery cells to be used in full-size electric vehicles such as its Chevrolet Silverado and Escalade IQ beginning in 2028.
LG Energy Solution has announced plans to establish a joint venture with Derichebourg, the French leader in metal waste recycling, to build a state-of-the-art battery recycling plant.