LG Energy Solution and indiGOtech sign MoU to explore 46-series cell supply
LG Energy Solution and indiGOtech have signed a non-binding memorandum of understanding to explore battery supply and technical collaboration. The potential agreement could support indiGOtech's upcoming commercial EVs if the companies reach a final deal.
LG Energy Solution has signed a non-binding memorandum of understanding with indiGOtech, a commercial EV startup based in Woburn, Massachusetts, to explore battery supply and technical collaboration.
According to the source, the companies will work toward a final agreement under which LG Energy Solution would supply 46-series NCM cylindrical cells from 2027 to 2030 for indiGOtech's upcoming vehicles.
The announcement does not say that a final supply contract has been signed. It describes the arrangement as an MoU and says the companies are still exploring the partnership.