LG Energy Solution and Toyota Sign Long-term
Two global leaders join forces to drive the future growth of battery electric vehicles in the U.S. LG Energy Solution to supply Toyota with 20GWh of high-nickel NCMA battery modules
EV partnerships are the driving force behind a faster shift to sustainable transportation. As EV demand grows, teamwork among automakers, tech innovators and infrastructure developers becomes essential to tackling the big challenges: efficient charging networks, advanced battery tech and lowering production costs.
Considering the supply chain composed of a power battery supplier and a new energy vehicle manufacturer, under the carbon cap-and-trade policy, this paper studies the different cooperation modes between the manufacturer and the supplier as well as their strategies for green technology and power battery production.
Therefore, this paper will try to explore the power battery R&D and cooperation strategies of new energy vehicle manufacturers under the government's carbon cap and trade policy, considering the three strategies of wholesale purchase, patent-licensed manufacturing, and self-research + wholesale purchase, respectively.
Moreover, the joint venture aims at jointly building up precursor and cathode material production capacities in Europe, and sustainably securing responsibly sourced raw material capacities at competitive prices. Close cooperation to foster cost optimization activities and increase efficiencies in production processes are also on the agenda.
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