SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
LG Energy Solution Partners with Rivian for a 5-Year Battery Supply Agreement
South Korea’s LG Energy Solution has announced a significant partnership with U.S. electric vehicle (EV) maker Rivian. LG Energy Solution Arizona, a subsidiary of LGES, will supply Rivian with its advanced 4695 cylindrical batteries under a five-year contract.
Battery Supply Details As part of the agreement, LGES will provide a total of 67 GWh of cylindrical batteries for Rivian's upcoming R2 model, slated for the North American market. These batteries will be produced at LGES’s standalone Arizona facility. The deal further solidifies LGES’s reputation as a key supplier for major automakers, including Tesla, General Motors, and Hyundai Motor.
Trend Toward Bigger Cylindrical Cells Rivian is following in the footsteps of other automakers, such as Mercedes, in opting for larger cylindrical cells. This choice is aimed at extending the EV driving range and reducing the number of cells needed to achieve the same battery capacity. The advanced technology behind LGES's 4695 batteries is expected to support Rivian's growth and innovation in the EV sector.
Conclusion
This long-term agreement positions LGES as a critical player in the global EV market, reinforcing its commitment to providing cutting-edge battery solutions for top automotive brands.
