Powering the Future: LG Chem Partners with Toyota-Panasonic to Revolutionize Electric Vehicle Batteries by 2026
LG Chem to Supply Cathode Materials to Toyota-Panasonic Joint Venture
LG Chem has announced that it will supply cathode materials to Prime Planet Energy & Solutions (PPES), a joint venture between Toyota Motor Company Japan and Panasonic Holdings.
PPES is a leading battery manufacturer in Japan, supplying batteries for electric vehicles to many global OEMs, including Toyota Motor Company.
As part of its global expansion strategy, LG Chem has secured a new customer in Japanese PPES, with plans to supply cathode materials to their factories by 2026.
LG Chem, a leader in cathode materials for electric vehicles, supplies cathode materials to many global OEM electric vehicle models.
In line with PPES’s low-carbon vision, LG Chem will focus on developing innovative materials and process technologies that produce high-performance batteries while minimizing environmental impact.
LG Chem Vice Chairman Shin Hak-cheol stated, “We are significant in supplying cathode materials to PPES’s next-generation battery project, a global leader. We will continue to cooperate globally on a differentiated basis with LG Chem’s product and process technology and supply chain competitiveness.”