According to industry sources on July 14, LG Chem has been supplying battery cathode materials to Toyota Motor Engineering & Manufacturing North America (TEMA) since the second quarter.
Supply volumes are also gradually increasing. The two companies signed a KRW 2.86 trillion cathode materials supply contract in October 2023, with the contract running through December 2030.
![[SMM Analysis] South Korea’s Cathode Industry Sees Improved 2Q Earnings, but Volume Recovery Remains Limited](https://imgqn.smm.cn/usercenter/ZLcBf20251217171731.jpg)


