LG Energy Solution sealed a five-year battery supply agreement with Rivian Automotive Inc., marking its latest push to expand presence in the North American electric-vehicle market.
The South Korean battery maker will provide 67 gigawatt-hours of next-generation cylindrical batteries to the EV startup from its new Arizona facility. The deal is valued at about 7.5 trillion won ($5.7 billion), according to industry estimates.
The agreement centers on LG’s 4695 battery cells, which boast six times the energy capacity of current 2170 cells. These batteries, featuring the company’s proprietary high-nickel NCMA technology, will power Rivian’s upcoming R2 electric SUV.
This contract adds to LG’s growing portfolio of partnerships with major automakers including Mercedes-Benz Group AG, Ford Motor Co., and Renault SA. The company’s Arizona plant, currently under construction, will begin mass production in 2026.
The facility will incorporate advanced manufacturing systems as LG aims to strengthen its foothold in North America, where new U.S. regulations have intensified competition among battery suppliers to establish local production capabilities.
