Renault Partners with LG Energy Solution to Slash EV Battery Costs by 20%

The collaboration aims to integrate LFP technology and develop a European supply chain to enhance competitiveness.

Renault's Ampere unit will utilize lithium iron phosphate (LFP) cells alongside existing nickel cobalt manganese (NCM) technology.
The initiative targets a 20% reduction in battery costs by 2026 through new production processes and cheaper cell chemistry.
LG Energy Solution will supply 39GWh of LFP batteries from its Poland facility over five years, starting in 2025.
The partnership includes the development of cell-to-pack (CTP) technology to improve battery efficiency and safety.
This move responds to the growing demand for affordable EVs and increasing competition from Chinese manufacturers.