LG New Energy will supply batteries to 9 of the world's top 10 automakers

October 17, according to foreign media reports, South Korean media reported on Monday that LG New Energy was negotiating with Toyota on the supply of batteries made in US factories to Toyota plants in the United States, and planned to sign a memorandum of understanding on battery supply within this year.

South Korean media reported that if Toyota can be signed as planned, LG new energy electric vehicle battery customers will add new members. They will supply electric vehicle batteries to nine of the world's top 10 automakers and build a large group of high-quality customers.

Foreign media reported that LG New Energy will supply batteries to Volkswagen, Renault Nissan, Hyundai, Kia, Strandis, General Motors, Ford, BMW and Honda, all of which are among the top 10 automakers in the world.

According to foreign media reports, among the automakers that LG New Energy will supply batteries, Honda signed a contract with them at the beginning of this year, and LG New Energy and Honda agreed to invest 4.4 billion US dollars to build a joint venture electric vehicle battery plant in the United States in August.

Although there is an obvious gap between the top ten automobile manufacturers in the world and Tesla, BYD and other manufacturers in terms of electric vehicle sales, in the tide of automobile manufacturers vigorously developing electric vehicles, these manufacturers are also investing heavily. LG New Energy can cooperate with many of them, and there is also a broad space for development.