South Korea's LG Chem has secured a supply of cathode active materials (CAM) for EV battery manufacturer Prime Planet Energy & Solutions (PPES), a Japanese joint venture between Toyota Motor and Panasonic, starting in 2026.
PPES has been supplying batteries to global OEMs including Toyota from its plant in Japan. LG Chem's technical approach to CAM focuses on sustainable and innovative processes to limit its environmental impact while maximizing battery performance, the company said.
"Securing the cathode materials supply for PPES is a significant milestone," said Shin Hak-cheol, CEO of LG Chem. "With our unique product and process technologies and competitive supply chain, we aim to continue forging global collaborations."
Source: LG Chem
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