LG Energy Solution Signs 6 Trillion KRW LFP Battery Supply Contract

LG Energy Solution announced on the 30th that it has signed a contract to supply LFP batteries worth 5,944,227,330,000 KRW.

This amount is equivalent to 23.2% of its most recent sales revenue. The sales region is overseas, and the contract period is from August 1, 2027 to July 31, 2030. The contract partner has not been disclosed.

LG Energy Solution explained, "In addition to this supply, the contract includes a provision to extend the total contract period up to seven years through discussions with the customer, and to supply additional quantities accordingly. Therefore, the contract amount and period may be subject to future changes."