LG Energy Solution To Supply LFP Pouch-type Batteries To Renault's Ampere For Five Years

(RTTNews) - LG Energy Solution said that it will supply lithium iron phosphate or LFP pouch-type EV batteries to Ampere, an electric vehicle and software company formed by Groupe Renault.

Under the five-year contract, LG Energy Solution will provide LFP batteries to Ampere from late 2025 through 2030, with a total capacity of approximately 39GWh, enough amount to produce around 590,000 battery electric vehicles.

The batteries will be manufactured in LG Energy Solution's Poland facility, and will power next-generation EV models from Ampere.

LG Energy noted that LFP batteries use iron and phosphate, which are less expensive than the materials used in NCM batteries, and have a stable chemical structure, ensuring competitiveness in terms of cost and safety.