LG Energy Solution
LG Energy Solution and ICPT announced that they have signed multi-year battery supply agreement.

LG Energy and ICPT Seal Mega-Deal for Battery Modules to Drive Europe’s Electric Bus Fleet

LG Energy Solution and Impact Clean Power Technology (ICPT) have inked a significant deal to electrify Europe’s buses. Over three years, LG will supply approximately 200,000 battery modules to ICPT’s Polish GigafactoryX. These batteries, made using NCM chemistry for higher energy density, will equip nearly 3,000 electric buses.

This deal is more than a simple transaction. It’s a strategic move to centralize Europe’s electric bus supply chain in Poland. LG’s Wroclaw facility, Europe’s largest lithium-ion battery producer, will manufacture these batteries. The deal is a nod to Poland’s growing stature in the automotive battery industry.

Seungtaek Hong of LG Energy Solution highlights the significance: “Our partnership with ICPT presents an exciting opportunity to introduce our outstanding battery technology to the fast-growing European commercial vehicle market.” This partnership isn’t just about supply; it’s about pioneering sustainable mobility in Europe.

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On the other side, ICPT’s Bartek Kras emphasizes the collaboration’s benefits: “Together, we can provide our customers with exceptional, advanced solutions tailored to the demanding conditions of this market.” This alliance is about offering high-quality, reliable battery systems for buses, a sector with a soaring global demand.

Similar to the recent deal with Impact Clean Power Technology, LG Energy Solution has also partnered with Toyota Motor North America to supply high-nickel NCMA battery modules. Beginning in 2025, LG will deliver these modules from its Michigan facility for Toyota’s electric vehicles. This agreement is part of Toyota’s strategy to expand its electric vehicle lineup and aligns with LG’s commitment to advancing battery technology and expanding production capacity in North America. 

The latest agreement with Impact Clean Power Technology is not only a business milestone but also a testament to technological leadership in the demanding commercial vehicle sector. It’s a leap forward in electrifying Europe’s public transport, reducing emissions, and paving the way for a more sustainable future.

Sunita Somvanshi

With over two decades of dedicated service in the state environmental ministry, this seasoned professional has cultivated a discerning perspective on the intricate interplay between environmental considerations and diverse industries. Sunita is armed with a keen eye for pivotal details, her extensive experience uniquely positions her to offer insightful commentary on topics ranging from business sustainability and global trade's environmental impact to fostering partnerships, optimizing freight and transport for ecological efficiency, and delving into the realms of thermal management, logistics, carbon credits, and energy transition. Through her writing, she not only imparts valuable knowledge but also provides a nuanced understanding of how businesses can harmonize with environmental imperatives, making her a crucial voice in the discourse on sustainable practices and the future of industry.

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