LG Energy Solution is accelerating its entry into the North American commercial vehicle market with its 46 Series.
On October 1, LG Energy Solution announced that it has signed a strategic memorandum of understanding (MOU) with U.S. electric commercial vehicle startup indiGOTech.
Under this agreement, the two companies will discuss the priority application of LG Energy Solution's 46 Series cylindrical battery cells in indiGOTech's next-generation electric commercial vehicles currently under development.
In addition to negotiating supply contracts for the 46 Series batteries, they plan to collaborate on technology to optimize vehicle and battery performance, including extending driving range and reducing charging time.
This partnership will enable indiGOTech to secure the necessary battery technology and a stable supply base for its next-generation electric commercial vehicles, while LG Energy Solution aims to enhance its market competitiveness by expanding its 46 Series supply references in North America.
Founded in 2010, indiGOTech is developing electric commercial vehicles that integrate drive and suspension systems into the vehicle wheels, improving ride comfort and providing more interior space. Their technology, known as 'SmartWheels,' is designed for logistics, delivery, and ride-hailing services.
Recognized for its high technology and business potential, indiGOTech is also pursuing a Transportation as a Service (TaaS) business model that combines charging infrastructure and digital mobility services, further expanding its business scope.
Oh Sung-hwan, head of the marketing group at LG Energy Solution's small battery division, stated, "It is significant that we have secured new customers in the U.S. based on the competitiveness of the NCM-based 46 Series, which offers high energy density and fast charging performance. We aim to expand our business into various electric commercial vehicle markets and accelerate the growth of the 46 Series business through this collaboration."
Meanwhile, LG Energy Solution is enhancing its business competitiveness by securing additional customers for the 46 Series cylindrical batteries. Thanks to stable mass production and increased shipments of the 46 Series, the shipment volume of cylindrical batteries in the second quarter of this year has increased by 1.5 times compared to the previous year.
* This article has been translated by AI.
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