LG Energy Solution to supply 200,000 battery modules to Polish client

LG Energy Solution's plant in Wroclaw, Poland [LG ENERGY SOLUTION]

LG Energy Solution announced a three-year battery cell supply deal with a Polish battery pack company on Friday.

The Korean battery manufacturer has signed the deal to begin supplying 200,000 nickel cobalt manganese (NCM) battery modules to Impact Clean Power Technology (ICPT) in 2024 for three years, the company said in a statement.

ICPT will assemble the 200,000 NCM battery modules into battery packs for delivery to Solaris Bus & Coach, a Polish manufacturer of public transport vehicles, the battery maker said.

The 200,000 NCM batteries can power about 3,000 large electric commercial vehicles.

The company didn't provide the value of the contract.

NCM batteries can withstand cold temperatures better and store more energy, while lithium iron phosphate versions last longer and can handle high heat.

LG Energy Solution plans to manufacture the NCM battery modules at its plant in Wroclaw, Poland.

BY SEO JI-EUN, YONHAP [seo.jieun1@joongang.co.kr]