LG Energy Solution and Rivian announce strategic battery supply partnership
LG Energy Solution (LGES), a leading global battery manufacturer, and Rivian, an American electric vehicle (EV) maker, today announced a strategic long-term battery supply agreement. The deal will see LGES supply its advanced 4695 cylindrical batteries to Rivian for a period of five years, with a total supply volume exceeding 67 gigawatt hours (GWh).
The 4695 cylindrical batteries, produced at LGES’s state-of-the-art manufacturing facility in Arizona, are renowned for their superior energy density, enhanced safety features, and longer lifespan. These cutting-edge batteries will be integrated into Rivian’s upcoming R2 SUV model, further bolstering the vehicle’s range, performance, and overall driving experience.
The partnership between LGES and Rivian signifies a significant milestone in the global EV industry, underscoring the increasing demand for high-performance, sustainable battery solutions. By leveraging LGES’s technological prowess and Rivian’s innovative approach to electric mobility, the two companies aim to accelerate the adoption of electric vehicles and contribute to a greener future.
Key Highlights of the Partnership:
Long-Term Commitment: The 5-year supply agreement solidifies a strong and enduring partnership between LGES and Rivian.
Advanced Battery Technology: LGES’s 4695 cylindrical batteries offer superior performance and safety, enabling Rivian to deliver exceptional driving experiences.
U.S. Manufacturing: The batteries will be produced at LGES’s U.S. plant, supporting local manufacturing and economic growth.
Shared Vision: Both companies are committed to driving the electric vehicle revolution and reducing carbon emissions.
David Kim, CEO of LG Energy Solution: “We are excited to partner with Rivian, a visionary company that shares our commitment to sustainable mobility. This strategic collaboration will enable us to deliver cutting-edge battery solutions that power the future of electric vehicles.”
RJ Scaringe, CEO of Rivian: “LG Energy Solution’s advanced battery technology aligns perfectly with our mission to create electric vehicles that are not only sustainable but also deliver exceptional performance. We are confident that this partnership will further strengthen our position as a leading EV manufacturer.”
About LG Energy Solution
LG Energy Solution is a global leader in the battery industry, providing innovative energy storage solutions for various applications, including electric vehicles, energy storage systems (ESS), and consumer electronics. With a strong focus on research and development, LGES continues to push the boundaries of battery technology, delivering high-performance, safe, and sustainable products.
About Rivian
Rivian is an American automotive company focused on designing and manufacturing electric vehicles and accessories. The company’s mission is to create products that inspire adventure and protect the planet. Rivian’s portfolio includes a range of electric vehicles, including trucks, SUVs, and delivery vans, designed to meet the diverse needs of consumers and businesses.