LG Energy signs 7-year battery supply deal with US EV startup

Photo voltaic-powered EV Aptera / Courtesy of LG Power Answer

LG Power Answer, Korea’s main battery maker, mentioned Friday it has signed a seven-year battery provide cope with U.S. electrical car startup Aptera Motors.

LG Power signed a three-way settlement with Aptera Motors and Korean battery pack maker CTNS to offer the U.S. firm with its cylindrical batteries from 2025 by means of 2031, totaling 4.4 GWh, the corporate mentioned in a press launch.

LG Power’s cylindrical lithium-ion batteries might be put in within the U.S. agency’s photo voltaic EV, named Aptera, which is ready to be launched within the U.S. market this 12 months, it mentioned.

CTNS will assemble the Korean battery agency’s cylindrical batteries into packs for the provision to Aptera, it added.

The corporate did not present the worth of the contract.

The Aptera, a two-seat, three-wheeled photo voltaic EV, can journey as much as 643 kilometers on a single cost. It’s anticipated to function a most popular commuter car as it might journey as much as 64 km every day solely on solar energy, in response to the press launch. (Yonhap)