LG Chem to Supply Cathode Materials to Toyota-Panasonic Battery Joint Venture

On the 22nd, LG Chem announced that it will supply cathode materials to the Japanese battery manufacturer 'Prime Planet Energy & Solutions (PPES)'.

PPES is a Japanese joint venture between Toyota and Panasonic, supplying batteries for electric vehicles to global EV manufacturers including Toyota.

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LG Chem plans to supply cathode materials to the PPES factory in Japan by 2026. In line with PPES's low-carbon vision, the company will focus on developing innovative materials and process technologies that minimize environmental impact while producing high-performance batteries.

Shin Hak-cheol, Vice Chairman of LG Chem, said, "Based on differentiated products, process technologies, and supply chain competitiveness, we will continue global cooperation going forward."

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