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Faraday Future and LG Chem jointly announced a tie-up that we knew was in the making several weeks ago.
Though the press release is rather vague, the two companies promise to together deliver the "highest energy density cell for automotive production battery" ever. That's a bold claim, but no figures were released, so we have no clue just how high the energy density will be. Here's the statement form the press release:
"The partnership also represents a joint commitment between both companies to collaborate on the development of EV battery technology, resulting in the world’s highest energy density for a production automotive battery."
These cells will be put to use in Faraday's upcoming electric car, will which use FF's "VPA platform, the company’s universal and scalable modular battery structure."
The rest of the press release is equally vague. You can read it in its entirety below:
Faraday Future Announces Supply Agreement with LG Chem
Los Angeles, October 3rd, 2016 – Faraday Future today announced a partnership with LG Chem, the leading manufacturer of advanced battery systems, to supply lithium-ion cells for FF’s electric vehicles.
The partnership also represents a joint commitment between both companies to collaborate on the development of EV battery technology, resulting in the world’s highest energy density for a production automotive battery. These cells will be incorporated into Faraday Future’s VPA platform, the company’s universal and scalable modular battery structure. The VPA platform is a critical component to Faraday Future’s future product portfolio.
“LG Chem worked closely with Faraday Future to develop a tailored cell chemistry to optimize the range and safety of our mass production battery hardware,” said Tom Wessner, VP of Global Supply Chain, Faraday Future. “At FF, we are working with world-class suppliers to advance our technological innovations, and we look forward to our relationship with LG Chem as we push towards our vision of future mobility.”
“As a leading supplier of automotive cells and batteries, we are proud to work alongside Faraday Future as we work together to create the next generation of electric vehicles,” said UB Lee, the President of Energy Solution Company, LG Chem. “Our progress so far represents a major step forward in battery technology, and we look forward to growing our partnership and co-developing hardware into the future.”
With a customer base of more than 20 global automakers, LG Chem’s leadership in the EV space makes it a strong partner for Faraday Future as both companies build towards the future of EV mobility.