Fudi Battery has signed a contract with LG to create "super competitive" products for European and American markets.

CTOnews.com October 8 news, Fodi Battery announced via official account yesterday evening that on September 4, 2023, LG and Fudi Battery signed a "Memorandum of Strategic Cooperation" in Seoul, South Korea.

According to reports, Fudi battery will carry consumer battery "heavyweight product" LFP 4680 (diameter 46mm, high 80mm cylindrical battery) and LG's global brand influence to work together to create "super competitive" products for European and American markets.

In the future, the two sides will also carry out in-depth cooperation in home energy storage, robots and other smart home areas, which will create world-class products.

In addition, the two sides also exchanged views on IRA (American inflation reduction Act) policy and future development direction and strategy. The two sides expressed a strong willingness to cooperate with the core, module and system side.

Lei Lei, general manager of the consumer battery division of Fudi Battery, said that this cooperation will not only help improve the market competitiveness of the two sides, but also enable the two sides to achieve a "milestone" in terms of development strategic consensus.

According to CTOnews.com 's previous report, Fudi Battery signed a strategic cooperation agreement with JD.com Technology on July 13 this year, under which the two sides will cooperate deeply in products, technologies and industries in the areas of power exchange, mini-vehicles, electric drives, consumer 3C products, civil batteries, energy storage, etc., to create a joint force of science and technology and expand market share.