LG Energy Solution to Supply Next-Generation 4695 Cylindrical Batteries to Rivian
Portfolio Pulse from
LG Energy Solution has entered into a five-year agreement to supply 67GWh of next-generation 4695 cylindrical batteries to Rivian. These batteries will be produced in the U.S. and will power Rivian's R2 model for the North American market.
November 08, 2024 | 12:15 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Rivian has secured a five-year supply of 67GWh of next-gen 4695 batteries from LG Energy Solution, enhancing its R2 model's range and safety for the North American market.
The supply agreement with LG Energy Solution ensures Rivian has a reliable source of advanced batteries, which is crucial for the performance and competitiveness of its R2 model in the North American market. This is likely to positively impact Rivian's stock as it strengthens its product offering.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90