The $19 billion deal between General Motors (GM) and LG Chem represents a landmark moment in the evolution of the EV industry.
South Korea's LG Chem on Wednesday said it has signed a deal worth 24.7 trillion won ($18.61 billion) to supply electric vehicle (EV) battery cathodes to General Motors from this year to 2035. The South Korean petrochemicals giant plans to supply more than 500,000 tonnes of materials to make cathodes, enough to power about 5 million EVs, LG Chem said in a statement. LG Chem is currently building a battery cathode plant in the U.S. state of Tennessee, which is slated to start mass production in 2026.
在一份題為《電池:轉型的下一個驅動因素》(Batteries: The Next Drivers of Transformation)的詳盡報告中,高盛分析師預測,從2022年到2025年,電池價格將大幅下跌40%,這可能會促進電動車的銷售。