SEOUL, July 30 (Reuters) - South Korean battery maker LG
Energy Solution (LGES) said on Wednesday it had
signed a $4.3 billion contract to supply lithium iron phosphate
(LFP) batteries over three years globally, without identifying
the customer.
The company, whose major customers include Tesla
and General Motors ( GM ), did not say whether the LFP
batteries will be used in vehicles or energy storage systems.
The contract lasts from August 2027 to July 2030.
LGES said the contract includes an option to extend the
contract period by up to seven years, and increase supply volume
depending on discussions with the unidentified customer.
The deal came after South Korea's Samsung Electronics
and Tesla announced a $16.5 billion chip
contract.
(Reporting by Jack Kim and Hyunjoo Jin; Editing by Ed Davies
and Muralikumar Anantharaman)