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LG Energy Solution Partners with Rivian for a 5-Year Battery Supply Agreement
South Korea’s LG Energy Solution has announced a significant partnership with U.S. electric vehicle (EV) maker Rivian. LG Energy Solution Arizona, a subsidiary of LGES, will supply Rivian with its advanced 4695 cylindrical batteries under a five-year contract.
Battery Supply Details As part of the agreement, LGES will provide a total of 67 GWh of cylindrical batteries for Rivian's upcoming R2 model, slated for the North American market. These batteries will be produced at LGES’s standalone Arizona facility. The deal further solidifies LGES’s reputation as a key supplier for major automakers, including Tesla, General Motors, and Hyundai Motor.
Trend Toward Bigger Cylindrical Cells Rivian is following in the footsteps of other automakers, such as Mercedes, in opting for larger cylindrical cells. This choice is aimed at extending the EV driving range and reducing the number of cells needed to achieve the same battery capacity. The advanced technology behind LGES's 4695 batteries is expected to support Rivian's growth and innovation in the EV sector.
Conclusion
This long-term agreement positions LGES as a critical player in the global EV market, reinforcing its commitment to providing cutting-edge battery solutions for top automotive brands.
