Battery manufacturer LG Energy Solution and Impact Clean Power Technology (ICPT), a public transportation battery system supplier, have signed a supply agreement for nickel cobalt manganese (NCM) lithium-ion battery modules.
Under the three-year battery supply agreement, LG Energy Solution will supply approximately 200,000 battery modules from its Wroclaw plant in Poland to ICPT’s GigafactoryX in Pruszkow for assembly into battery packs and systems. The supplied batteries will support the production of nearly 3,000 large commercial EVs.
LG Energy Solution will use NCM chemistry to provide enhanced battery durability and range. By manufacturing batteries and electric buses in Poland, this deal aims to create a complete supply chain for Europe’s electric public transportation system.
“Our partnership with ICPT presents us an opportunity to introduce our battery technology to the fast-growing European commercial vehicle market,” said Seungtaek Hong, Head of Advanced Automotive Battery Marketing at LG Energy Solution. “Capitalizing on our Wroclaw plant, we are committed to establishing a robust supply chain in Europe and expediting its transition to sustainable mobility.”
Source: LG Energy Solution