South Korea's LG Energy Solution Ltd. announced on Friday that it has signed a seven-year battery supply agreement with the USA electric vehicle startup Aptera Motors CORP.
LG Energy stated in a press release that it has signed a tripartite agreement with Aptera Motors and South Korean battery pack manufacturer CTNS to supply a total of 4.4 GWh of cylindrical batteries to this USA company from 2025 to 2031.
LG Energy mentioned that these cylindrical lithium-ion batteries will be installed in Aptera's solar electric vehicle Aptera, which is set to launch in the USA market this year.
CTNS will assemble the cylindrical batteries produced by LG Energy into battery packs to supply to Aptera.
The company revealed the contract's value.
Aptera is a two-seat three-wheeled solar electric vehicle that can travel 643 kilometers on a single charge. According to the press release, it is expected to become the preferred commuting vehicle, as it can travel 64 kilometers a day solely on solar power.