LG Energy Solution and Toyota Motor North America sign an EV battery deal
4 October 2023, 15:56:40

Under the contract, LG Energy Solution will supply automotive battery modules at an annual capacity of 20GWh starting from 2025. The battery modules, consisting of high-nickel NCMA (nickel, cobalt, manganese, aluminum) pouch-type cells, will be manufactured in LG Energy Solution's Michigan facility.
The innovative power solutions will support Toyota's expanding line of BEVs, part of its multi-pathway product strategy, including a new BEV model that will be assembled at Toyota Motor Manufacturing Kentucky in 2025. They will also help further Toyota's vehicle electrification initiatives, as it aspires to offer 30 BEV models globally across its Toyota and Lexus brand nameplates and produce up to 3.5 million BEVs annually by 2030.
To fulfill the supply agreement, LG Energy Solution will invest KRW 4 trillion (approximately USD 3 billion) in its Michigan facility to establish new production lines for battery cells and modules exclusively for Toyota, with completion slated for 2025. Initially, the battery modules will go to Toyota Motor Manufacturing Kentucky to be assembled into battery packs and equipped onto BEVs.
The agreement brings together LG Energy Solution's proven capabilities in manufacturing top-quality battery cells and modules at scale, and Toyota's advanced technologies in battery packs to create a product using LG Energy Solution's innovative power solution which optimizes battery system performance, providing peace of mind and further enhancing the BEV customer experience. LG Energy Solution continues to enhance battery safety, including with respect to its thermal management for its high-nickel NCMA batteries.
The landmark deal represents LG Energy Solution's largest single supply agreement secured outside of joint venture agreements. The company now supplies its batteries to all top five global automakers. Based on its market leadership, the company has eight battery manufacturing facilities currently operating or under construction in North America and continues to expand both its production network and supply chain in the region.
Related news
News related to LG, Toyota, LGES or LG Energy Solution
LG Energy Solution announced a new partnership agreement with General Motors (GM) for prismatic battery cell technology, marking an extension of the two companies’ solid 14-year battery technology partnership. Under this new definitive agreement, the companies will jointly develop prismatic battery cell technology and affiliated chemistries, and once the partnership comes to fruition, the prismatic cell technology...
4 December 2024
Suzuki Motor Corporation and Toyota Motor Corporation have decided to further strengthen collaboration in the supply of a battery EV (BEV) SUV model developed by Suzuki to Toyota. This new model is scheduled to be manufactured at Suzuki Motor Gujarat in India from the spring of 2025. This new development marks the first BEV in the OEM relationship between the two companies. It will be launched worldwide, providing a...
30 October 2024
LG Energy Solution and Liontown Resources Limited (Liontown) entered into a strategic partnership aimed at fortifying their long-term collaboration in the global lithium sector. The companies signed a convertible note subscription agreement, an extended offtake agreement for the supply of high-quality lithium spodumene from Liontown’s Kathleen Valley project, and a downstream collaboration agreement to explore the...
3 July 2024
LG Energy Solution (LGES) announced that it will supply LFP pouch-type EV batteries to Ampere, the EV pure player born from Renault Group, its long-time customer. The two companies signed the supply agreement at Renault's Paris headquarters in France. Under the five-year contract, LG Energy Solution will provide LFP batteries to Ampere from late 2025 through 2030, with a total capacity of approximately 39 GWh...
3 July 2024
Toyota Motor Corporation (TMC) has agreed with Panasonic Holdings Corporation (Panasonic HD) to make Primearth EV Energy Co., Ltd. (PEVE) a wholly-owned subsidiary to strengthen its capabilities in mass-producing automotive batteries. The acquisition is scheduled to take place in late March. Among Toyota-affiliated companies, currently PEVE, Toyota Industries Corporation, and Prime Planet Energy & Solutions, Inc...
5 March 2024
LG Energy Solution and Honda have erected the final structural steel beam at the joint venture’s new EV battery production facility being constructed near Jeffersonville, Ohio. This major construction milestone comes almost one year to the day after the groundbreaking that took place for the over 2 million square feet facility that is expected to be completed by the end of 2024. Projected to reach an overall...
5 March 2024
Toyota announced a $1.3 billion investment at its flagship Kentucky facility for future electrification efforts including the assembly of an all-new, three-row battery electric SUV for the U.S. market. The project brings the plant's total investment to nearly $10 billion and reinforces Toyota's commitment to high-quality vehicles and long-term job stability. The investment supports the previously announced future...
7 February 2024
LG Energy Solution announced its equity investment in Sion Power, a startup company based in Arizona, U.S. which holds core patents in the field of lithium metal battery technology. A lithium metal battery uses a lithium metal anode instead of a graphite or silicon anode to achieve higher energy efficiency compared to existing lithium-ion batteries. However, progress in its development has been slow due to new...
25 January 2024
LG Display showcases a series of ultra-large automotive display solutions at CES 2024. At its dedicated booth for automotive displays in the West Hall of LVCC, the company unveiled the world's largest automotive display - the 57-inch Pillar-to-Pillar (P2P) LCD - and the largest slidable panel - the 32-inch Slidable OLED. The 57-inch Pillar-to-Pillar (P2P) LCD covers the entire dashboard from the driver's seat to the...
10 January 2024
LG will hold a private demonstration for major automakers at CES 2024, introducing a new cross domain platform integrating Advanced Driver Assistance System (ADAS), Automated Driving (AD) and In-Vehicle Infotainment (IVI) technologies. Developed by LG in collaboration with Magna, a global mobility tech company, the game-changing future mobility platform is expected to arrive on the market in the near future...
4 January 2024
LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material market. The facility, located in Montgomery County, Clarksville, Tennessee, will locally produce cathode materials optimized for North American electric vehicles (EVs) and collaborate with key partners from development to the supply chain. LG Chem will invest around KRW 2...
28 December 2023
Earlier this week, two BEV concepts by Toyota made their European after they have already been showcased at the Japan Mobility Show 2023 held in late October 2023. Toyota FT-3e features the versatile new generation BEV architecture that allows to create a wide variety of products including the Lexus LF-ZC luxury sedan and the performance-oriented FT-Se sports car. These next-generation BEV vehicles are designed to...
8 December 2023
At Toyota Motor Europe’s (TME) 2023 Kenshiki event last week, a team of Global and European executives presented the company’s latest electrified products and technologies. Kenshiki means insight in Japanese and this year’s edition to an audience of over 300 media, focused on the battery-electric and hydrogen-powered vehicles which will play a significant role in the company's multi-pathway strategy in the years...
8 December 2023
LG Electronics will enter the rapidly growing U.S. electric vehicle charger market in 2024 with the introduction of its first line of AC and DC powered EV charging stations. According to LG Business Solutions USA's Senior Vice President Nicolas Min, the line will include Level 2 and Level 3 EV chargers, opening new opportunities for businesses, municipalities and other public places to support the electrification of...
17 November 2023
EV Specifications
Complete specifications of EVs, grouped according to their brand and year
Featured
Specifications of some of the most interesting and anticipated EVs.

2024 Porsche Macan 4
Doors: 4, Seats: 5
Length: 188.3 in / 4784 mm
Width: 76.3 in / 1938 mm
Height: 63.9 in / 1622 mm
Curb weight: 5302.12 lb / 2405 kg
Location: Rear
Location: Front
Battery: 100 kWh, Voltage: 800 V

2024 Porsche Macan Turbo
Doors: 4, Seats: 5
Length: 188.3 in / 4784 mm
Width: 76.3 in / 1938 mm
Height: 63.8 in / 1621 mm
Curb weight: 5302.12 lb / 2405 kg
Location: Rear
Location: Front
Battery: 100 kWh, Voltage: 800 V

2024 Xiaomi SU7 RWD
Doors: 4, Seats: 5
Length: 196.7 in / 4997 mm
Width: 77.3 in / 1963 mm
Height: 57.3 in / 1455 mm
Curb weight: 4365.15 lb / 1980 kg
Electric motor: 220 kW, 400 Nm, Location: Rear
Battery: 73.6 kWh

2024 Xiaomi SU7 AWD
Doors: 4, Seats: 5
Length: 196.7 in / 4997 mm
Width: 77.3 in / 1963 mm
Height: 56.7 in / 1440 mm
Curb weight: 4861.19 lb / 2205 kg
Electric motor #1: 275 kW, 500 Nm, Location: Rear
Electric motor #2: 220 kW, 400 Nm, Location: Front
Battery: 101 kWh, Voltage: 871 V

2024 Volkswagen ID.7 Pro
Doors: 4, Seats: 5
Length: 195.3 in / 4961 mm
Height: 60.5 in / 1536 mm
Curb weight: 4788.44 lb / 2172 kg
Electric motor: 210 kW, 550 Nm, Location: Rear
Battery: 77 kWh

2025 Cadillac Escalade IQ Luxury 2
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V

2025 Cadillac Escalade IQ Sport 2
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V

2025 Cadillac Escalade IQ Luxury 1
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V

2025 Cadillac Escalade IQ Sport 1
Doors: 5, Seats: 7
Length: 224.3 in / 5697 mm
Height: 76.1 in / 1934 mm
Electric motor: 505 kW, 1064 Nm, Location: Rear
Location: Front
Battery: 200 kWh, Voltage: 800 V

2025 Volvo EX30 Twin Motor Performance (EK)
Doors: 5, Seats: 5
Length: 166.7 in / 4233 mm
Width: 76.4 in / 1940 mm
Height: 61.0 in / 1549 mm
Curb weight: 4034.46 lb / 1830 kg
Location: Rear
Location: Front
Battery: 69 kWh

2023 BMW i7 xDrive60
Doors: 4, Seats: 5
Length: 212.2 in / 5391 mm
Width: 76.8 in / 1950 mm
Height: 60.8 in / 1544 mm
Curb weight: 5820.2 lb / 2640 kg
Electric motor #1: 190 kW, 365 Nm, Location: Rear
Electric motor #2: 230 kW, 380 Nm, Location: Front
Battery: 105.7 kWh, Voltage: 376.4 V

2024 BMW iX M60
Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5862.09 lb / 2659 kg
Location: Rear
Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V

2024 BMW iX xDrive50
Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5698.95 lb / 2585 kg
Location: Rear
Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V

2024 BMW i4 xDrive40
Doors: 4, Seats: 5
Length: 188.3 in / 4783 mm
Width: 72.9 in / 1852 mm
Height: 57.0 in / 1448 mm
Curb weight: 5048.59 lb / 2290 kg
Location: Rear
Location: Front
Battery: 83.9 kWh, Voltage: 398.5 V

2023 BMW i4 M50
Doors: 4, Seats: 5
Length: 188.3 in / 4783 mm
Width: 72.9 in / 1852 mm
Height: 57.0 in / 1448 mm
Curb weight: 5048.59 lb / 2290 kg
Electric motor #1: 230 kW @ 8000 - 17000 rpm, 365 Nm, Location: Rear
Electric motor #2: 190 kW @ 8000 - 17000 rpm, 430 Nm, Location: Front
Battery: 83.9 kWh, Voltage: 398.5 V

2023 BMW iX M60
Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5862.09 lb / 2659 kg
Location: Rear
Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V

2023 BMW iX xDrive50
Doors: 5, Seats: 5
Length: 195.0 in / 4953 mm
Width: 77.4 in / 1967 mm
Height: 66.8 in / 1696 mm
Curb weight: 5698.95 lb / 2585 kg
Location: Rear
Location: Front
Battery: 111.5 kWh, Voltage: 330.3 V

2024 Volvo EX90 Twin Performance (E2)
Doors: 5, Seats: 7
Length: 198.3 in / 5037 mm
Width: 77.3 in / 1964 mm
Height: 68.7 in / 1744 mm
Curb weight: 6197.19 lb / 2811 kg
Electric motor #1: 190 kW, 490 Nm, Location: Rear
Electric motor #2: 180 kW, 420 Nm, Location: Front
Battery: 111 kWh, Voltage: 400 V