LG Energy Solution, Korea’s leading battery maker, said Friday it has signed a seven-year battery supply deal with U.S. electric vehicle startup Aptera Motors.
LG Energy signed a three-way agreement with Aptera Motors and Korean battery pack maker CTNS to provide the U.S. company with its cylindrical batteries from 2025 through 2031, totaling 4.4 GWh, the company said in a press release.
LG Energy’s cylindrical lithium-ion batteries will be installed in the U.S. firm’s solar EV, named Aptera, which is set to be released in the U.S. market this year, it said.
CTNS will assemble the Korean battery firm’s cylindrical batteries into packs for the supply to Aptera, it added.
The company didn’t provide the value of the contract.
The Aptera, a two-seat, three-wheeled solar EV, can travel up to 643 kilometers on a single charge. It is expected to serve as a preferred commuter vehicle as it can travel up to 64 km each day solely on solar power, according to the press release. (Yonhap)
