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.
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.