Downstream company

Toyota Motor North America

North American Toyota entity named in LG Energy Solution's 2023 NCMA module agreement.

Sources support the description and the individual connections below. Publication and checking dates refer to the evidence, not a guarantee of current operations.

Documented relationships

Reported means the cited source describes the relationship at its evidence date. Historical relationships refer to an earlier period. Announced agreements may not have been implemented. None of these labels confirms that trade continues today.

  • Announced · Evidence as of 2023-10-06

    Offtake agreement

    LG Energy Solution announced a long-term agreement for NCMA battery modules with Toyota Motor North America, planning annual capacity of 20 GWh from 2025. This announcement does not verify commencement.

    1 source
    1. LG Energy Solution and Toyota Sign Long-term Battery Supply Agreement

      LG · Published 2023-10-06 · Checked 2026-09-17

      The battery modules, consisting of high-nickel NCMA (nickel, cobalt, manganese, aluminum) pouch-type cells

      October 4 announcement dateline; first two body paragraphs; Michigan production paragraph.