LG Energy Solution Ltd., South Korea's leading battery maker, said Friday it has signed a seven-year battery supply deal with US electric vehicle startup Aptera Motors Corp.
LG Energy signed a three-way agreement with Aptera Motors and Korean battery pack maker CTNS to provide the US company with its cylindrical batteries from 2025 through 2031, totaling 4.4 GWh, the company said in a press release.
LG Energy's cylindrical lithium-ion batteries will be installed in the US firm's solar EV, named Aptera, which is set to be released in the US market this year, it said.
CTNS will assemble the Korean battery firm's cylindrical batteries into packs for the supply to Aptera, it added.
The company didn't provide the value of the contract.
The Aptera, a two-seat, three-wheeled solar EV, can travel up to 643 kilometers on a single charge. It is expected to serve as a preferred commuter vehicle as it can travel up to 64 km each day solely on solar power, according to the press release.
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