To make good on its part of the deal, LG will invest roughly $3 billion in its Michigan facility to establish new production lines for cells and modules exclusively for Toyota.
Toyota’s US-built battery electric vehicles – the first of which is slated to arrive in two years – will be powered by LG Energy Solution lithium-ion modules manufactured at the Korean company’s Michigan facility, according to a new agreement between the two parties.
Last month, the Nippon automaker detailed its battery technology roadmap that included a so-called Performance Li-Ion Monopolar pack that’s slated to arrive in 2026 and offer over 497 miles of range, all while being capable of fast charging from 10 to 80 percent state of charge in approximately 20 minutes.
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