LG Chem is poised to supply GM with over 500,000 tons of cathode materials, substantial enough to produce GM EV batteries to power 5 million high-performance electric vehicles.
If and when the auto industry switches to “solid-state” EVs with new batteries, range and efficiency could drastically increase. But there’s a problem.
CATL is negotiating a licensing agreement with GM to share LFP battery tech, including plans to establish a joint manufacturing facility in North America.
