LG and Faraday Battery Co., Ltd. signed a "Strategic Cooperation Memorandum" in Seoul, South Korea. It's reported that in this collaboration, Faraday Battery brings its consumer battery product, LFP 4680, working with LG to craft competitive products aimed at the European and American markets.
Furthermore, leveraging Faraday Battery's full industry chain integration capabilities, both parties have expressed a willingness to cooperate in areas like cell, module, and system ends.
It's worth noting that on July 13, 2023, JD Technology and Faraday Battery Co., Ltd. signed a strategic cooperation agreement in Beijing. In the future, the two sides will deepen cooperation in products, technology, and industries in areas like battery swapping, micro-vehicles, electric drives, consumer 3C products, civilian batteries, energy storage, etc. Their joint efforts aim to harness technological synergies and capture a greater market share.
