Freudenberg and LG New Energy signed a long-term agreement on the supply of battery modules

Recently, Freudenberg Power Battery and Fuel Cell Group signed a long-term lithium-ion battery module supply contract with LG New Energy, with a contract shipment of 19 GWh. The partnership enables Freudenberg to expand its production capacity to meet growing demand and secure supplies for commercial vehicle customers such as trucks and buses in North America and Europe. The signing of this contract is an important milestone for the two companies to further expand the application of sustainable electric drive systems in the field of commercial vehicles.

According to reports, the contract covers the supply of lithium-ion battery modules, which have excellent characteristics and are especially suitable for commercial vehicles, whose batteries must withstand higher energy throughput, up to 11 times that of passenger vehicles. The cell modules supplied by LG New Energy will be integrated in its battery packs to provide customers in the truck and bus industry with fully engineered drive solutions, including smart battery management systems, cooling, telematics systems and all other related components.

It is reported that the mileage of Freudenberg's battery system has exceeded 40 million miles, and it is one of the innovative solutions on the market. According to Freudenberg, the long-term contract signed with LG New Energy highlights the strategic importance and growth potential of Freudenberg's electric drive solutions.