LG Energy Solution (LGES), a key subsidiary, has signed a long-term battery cell supply agreement with a leading North American electric vehicle manufacturer. The deal, valued at billions of dollars, will see LGES providing lithium-ion battery cells from its Arizona production facility starting in 2025. This contract highlights the ongoing pivot in the EV battery landscape, where automakers are seeking to diversify supply chains and qualify for U.S. federal tax incentives under the Inflation Reduction Act. The news bolstered investor confidence in LGES’s growth strategy in the critical North American market.