South Korean leading battery manufacturer LG new energy fund (LGES) said on Tuesday that it has signed an agreement to supply Renault, the French automaker, with lithium iron phosphate (LFP) batteries for electric vehicles. According to a statement from the company, under the five-year contract until 2030, LG new energy will provide LFP pouch batteries to Renault's electric vehicle unit Ampere, with a total capacity of 39 gigawatts and enough to power 590,000 electric vehicles.
According to a statement from the company, under the five-year contract until 2030, LG new energy will provide LFP pouch batteries to Renault's electric vehicle unit Ampere, with a total capacity of 39 gigawatts and enough to power 590,000 electric vehicles.