LG Signs EV Battery-Material Agreement with GM

February 9, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--LG Chem (Seoul, South Korea) has entered a long-term agreement with General Motors Company (NYSE:GM) (Detroit, Michigan) to supply the automaker with a key component of electric vehicle (EV) batteries. The cathode materials, which are responsible for storing and releasing lithium ions during the charging and discharging of a battery, will come from a new LG plant in Tennessee. Industrial Info is tracking EV-related projects from both companies.