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SEOUL (Reuters) – South Korea’s LG Power Option on Friday claimed its subsidiary LG Power Option Arizona has actually authorized a battery supply arrangement with U.S.-based vehicle supplier Rivian.
Under the arrangement, LGES, which provides Tesla, General Motors and Hyundai Electric motor, will certainly give Rivian with its innovative 4695 round batteries for over 5 years, completing 67 GWh, the firm claimed in a declaration.
The batteries will certainly be produced at the firm’s standalone battery plant in Arizona and will certainly be made use of in Rivian’s R2 design for the North American market.
Automakers, such as Mercedes, are complying with Tesla’s lead in operation larger round cells in their electrical lorries to expand the driving variety and make use of less cells to accomplish the very same battery pack ability.
( Coverage by Hyunsu Yim; Modifying by Ed Davies)
