indiGOtech

South Korean battery maker LG Energy Solution has signed a memorandum of understanding with the US startup Indigotech. Details of the agreement, including its scope and financial terms, have not been disclosed. The deal signals LG's continued interest in partnering with American technology startups as competition in the battery and energy storage sector intensifies.

LG Energy Solution and US battery startup indiGOtech have agreed to collaborate on the supply of 46-series cylindrical battery cells, according to an announcement reported by Korean industry outlet The Elec. The partnership pairs the world's second-largest EV battery maker with an American newcomer focused on large-format cylindrical cells, a form factor increasingly used in electric vehicles. Details on volumes and timing were not disclosed in the initial report.