LG Chem Ltd. agreed to provide 24.7 trillion won ($18.6 billion) of cathode materials to General Motors under a long-term supply deal the companies inked Wednesday.
The agreement will see LG provide more than 500,000 tons of cathode materials to the U.S. carmaker from 2026. The materials will be produced from LG's plant in Tennessee and GM should be able to make around 5 million EVs using them, according to a statement from the South Korean company.
