BOULOGNE-BILLANCOURT (dpa-AFX) - 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.



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