LG Chem to Supply Cathode Active Materials to Toyota-Panasonic JV from 2026; LG Chem Shares Rise 5%

MT Newswires Live

2024/09/24

Shares of LG Chem (KRX:051910) jumped more than 5% in recent trade on Tuesday after the company secured a deal to supply cathode active materials to Prime Planet Energy & Solutions, a Toyota Motor (TYO:7203) and Panasonic (TYO:6752) joint venture.

The supply is expected to begin in 2026, LG Chem said in a Monday release.

Shares of Toyota Motor rose nearly 1% while those of Panasonic gained over 1% in recent trade.

Price (KRW): â©335000.00, Change: â©+16000, Percent Change: +5.02%

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