Toyota Invests Heavily in LG Energy Solution for Future Battery Production

Toyota Invests Heavily in LG Energy Solution for Future Battery Production
4 months ago

In a significant development for the electric vehicle (EV) market, Toyota has placed a substantial order worth $1.5 billion with LG Energy Solution. This move underscores Toyota's commitment to strengthening its supply chain for electric vehicle batteries while also fostering a closer partnership with one of the leading battery manufacturers in the world.

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General Motors Offloads Stake in Michigan's EV Battery Plant to LG Energy

General Motors Offloads Stake in Michigan's EV Battery Plant to LG Energy
6 months ago

In a strategic business move, General Motors (GM) has announced its decision to sell its equity interest in a Michigan-based electric vehicle (EV) battery plant to LG Energy Solution. This significant transaction comes as part of GM’s broader initiative to streamline its operations and realign its focus amid the evolving automotive landscape, where electric vehicles are rapidly gaining prominence.

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