LG Chem has signed a $19B deal with General Motors to supply cathode materials used to make electric vehicle batteries, Kwanwoo Jun of The Wall Street Journal reports. LG Chem will supply $18.65B worth of cathode materials to GM from 2026 to 2035. LG Chem intends to supply General Motors with 500,000 metric tons of cathode materials that will be produced by a plant currently being built in Tennessee, the Journal said, citing a statement made by the company. The supplied cathode materials would be enough to power 5M high-performance electric vehicles.
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