LG Chem will supply cathode active materials (CAM) to Prime Planet Energy & Solutions (PPES), a Japanese joint venture of Toyota Motor Corporation and Panasonic Corporation. PPES, a pivotal EV battery manufacturer based in Japan, has been supplying batteries to numerous global OEMs including Toyota.
As part of its global expansion, LG Chem will join forces with PPES’s EV battery strategy. Targeting to start in 2026, LG Chem will supply CAM to PPES’ plant in Japan.
“Securing the cathode materials supply for PPES is a significant milestone. With our unique product and process technologies and competitive supply chain, we aim to continue forging global collaborations.”, says Shin Hak-cheol, CEO of LG Chem.
PPES recently announced that it will begin production of next-generation performance batteries for battery electric vehicles (BEVs) at its Himeji Facility from 2026. The newly produced performance battery is a next-generation high-capacity lithium-ion battery.
With a complete update of material composition and mechanical design, the battery offers optimal vehicle mountability, improved cruising range, and quick charging time, PPES said. In addition, the production process will be fully electrified and will use 100% renewable energy, ensuring environmentally conscious battery production.
The Himeji Facility has been planning and executing a phased expansion of its production capacity from the fiscal year of 2024. After commencing the production of the next-generation performance battery, the facility’s production capacity is expected to reach approximately 30GWh, making it one of the largest in Japan.