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LG Energy Solution today announced that it has signed a non-binding memorandum of understanding (MoU) with U.S.-based commercial electric vehicle (EV) startup indiGOtech to explore battery supply and technological collaboration.
Ultium Cells will invest an additional $1 billion at its Spring Hill facility to retool and diversify its battery cell manufacturing operations.
Combined investment for the LMR programme and its LFP energy storage system (ESS) production, together with facility improvements, will reach $1bn by 2030.
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