Toyota Signs EV Battery-Supply Agreement with LG

October 9, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan) and LG Energy Solution (Seoul, South Korea) have signed an agreement to supply Toyota with lithium-ion battery modules that will be used to assemble electric vehicles (EVs) at its new manufacturing facility in Kentucky, the companies announced last week. Industrial Info is tracking more than $6 billion worth of projects from Toyota in the U.S. as well as battery-manufacturing projects from LG.