LG Energy Solution signs 5-year battery supply deal with Rivian
- LG Energy Solution will supply 67 gigawatt-hours of batteries to Rivian over the next five years, as announced on Friday.
- The deal is expected to be valued at over $6 billion, based on market estimates.
- The batteries will be produced in Arizona and shipped to Rivian’s facility in Normal, Illinois, for use in the R2 SUV model.
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