LG Energy Solution wins battery module supply deal in Poland
LG Energy Solution Ochang Energy Plant is seen in this undated file photo. Courtesy of LG Energy Solution
LG Energy Solution (LGES), Korea's leading battery maker, said Friday it will supply battery cells to a Polish battery pack company in a three-year deal.
LGES has signed the deal to begin supplying 200,000 nickel cobalt manganese (NCM) battery modules to Impact Clean Power Technology (ICPT) in 2024 for three years, the company said in a statement.
ICPT will assemble the 200,000 NCM battery modules into battery packs for delivery to Solaris Bus & Coach, a Polish manufacturer of public transport vehicles, it said.
The 200,000 NCM batteries can power about 3,000 large electric commercial vehicles.
The company didn't provide the value of the contract.
NCM batteries can withstand cold temperatures better and store more energy, while lithium iron phosphate (LFP) versions last longer and can handle high heat.
LGES plans to manufacture the NCM battery modules at its plant in the southwestern city of Wroclaw, Poland, to supply them to ICPT. (Yonhap)