Proterra has concluded negotiations with LG Energy Solution on a new agreement that will provide Proterra with a long-term supply of cylindrical cells produced at an LG Energy Solution battery cell manufacturing plant in the United States.
The U.S.-manufactured battery cells will be delivered to Proterra factories for the manufacture of the company’s industry-leading commercial electric vehicle battery systems. Proterra will commit upfront a low nine-figure sum under the agreement to secure multiple gigawatt hours of dedicated U.S.-manufactured battery cell capacity on an annual basis.
In addition to the U.S.-manufactured battery cells that will be supplied to Proterra under the new agreement, Proterra and LG Energy Solution have extended their existing battery cell supply agreement through 2024. Together, this secures Proterra a stable supply of LG Energy Solution battery cells through 2028.
