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Toyota, LG Energy Solution sign $3 billion battery supply deal in U.S. EV push

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South Korea’s LG Energy Solution signed an agreement to supply Toyota, the world’s largest automaker, with lithium-ion batteries for electric vehicles that will be assembled in the U.S., the companies said on Wednesday.

The deal will support Toyota’s expanding battery EV line-up, which includes a new model that will be assembled at a manufacturing plant in Kentucky — its largest globally — starting in 2025.

Read more from CNBC.

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