Toyota, still trailing in the electric vehicle race, announced a significant move forward. The automaker has inked a long-term battery supply agreement with LG Energy Solution, giving it the juice it needs to drive its electric dreams in the US. Starting in 2025, Toyota’s future US-assembled electric vehicles will be powered by LG Energy Solution cells, to the tune of 20 GWh every year. These aren’t just any battery modules, though; they are high-nickel NCMA (nickel, cobalt, manganese, aluminum) pouch-type cells, bringing a promise of efficiency and longevity. This deal isn’t just a… More…
Toyota and LG Energy agree on a major battery supply deal in the US
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