LGES to supply Toyota with batteries, invest $3 billion in US plant
LGES to supply Toyota with batteries, invest $3 billion in US plant Reuters
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Companies
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Toyota Motor Manufacturing France Sas
- Supply agreement signed with LG Energy Solution for lithium-ion batteries for use in Toyota’s U.S.-built electric vehicles starting in 2025.
- Part of Toyota’s commitment to the Sustainable Development Goals (SDGs), particularly SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).
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General Motors Co
- LG Energy Solution is a partner in the Ultium battery joint venture with General Motors, building a $2.1 billion plant in Lansing, Michigan to supply GM’s electric vehicles.
- Contribution towards SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).
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Honda Motor Co Ltd
- LG Energy Solution will supply batteries to Honda from its North American plants.
- Supporting SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).
Overview
Toyota Motor and LG Energy Solution have signed a supply agreement for lithium-ion batteries for use in Toyota’s U.S.-built electric vehicles starting in 2025. This partnership contributes to the achievement of the Sustainable Development Goals (SDGs), particularly SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).
The agreement with LG Energy Solution means that they will now supply batteries to five top automakers, including Stellantis, Hyundai, and Honda, from their North American plants. This collaboration supports the SDGs by promoting the adoption of electric vehicles and reducing greenhouse gas emissions.
There are currently at least 37 battery plants operating or planned in the U.S. and Canada, representing a significant capacity for electric vehicle production. This growth aligns with SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action) by transitioning to sustainable energy sources and reducing carbon emissions.
Toyota’s plans to build up to 3.5 million electric vehicles a year by 2030 and offer 30 EV models globally demonstrate their commitment to SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).
Investment
LG Energy Solution will invest $3 billion in its battery facility in Holland, Michigan to supply Toyota’s Kentucky plant with dedicated production lines. This investment contributes to SDG 9 (Industry, Innovation, and Infrastructure) by supporting the development of sustainable manufacturing processes.
Toyota’s plan to triple its investment to $3.8 billion in a new North Carolina battery plant, operated with Panasonic through their joint venture Prime Planet Energy & Solutions (PPES), further demonstrates their commitment to SDG 9 (Industry, Innovation, and Infrastructure) and SDG 13 (Climate Action).
Conclusion
The partnership between Toyota and LG Energy Solution for the supply of lithium-ion batteries for electric vehicles is a significant step towards achieving the Sustainable Development Goals. By investing in sustainable manufacturing processes and promoting the adoption of electric vehicles, these companies contribute to SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). The growth of battery plants in North America also supports SDG 9 (Industry, Innovation, and Infrastructure) by driving innovation in the automotive industry.
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 7: Affordable and Clean Energy
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 11: Sustainable Cities and Communities
- SDG 13: Climate Action
- SDG 17: Partnerships for the Goals
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 7.2: Increase substantially the share of renewable energy in the global energy mix
- SDG 9.4: Upgrade infrastructure and retrofit industries to make them sustainable
- SDG 11.2: Provide access to safe, affordable, accessible, and sustainable transport systems for all
- SDG 13.2: Integrate climate change measures into national policies, strategies, and planning
- SDG 17.17: Encourage and promote effective public, public-private, and civil society partnerships
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Investment in battery facilities and production lines
- Annual production capacity of battery plants
- Number of automakers supplied with batteries
- Amount of lithium-ion batteries supplied annually
- Number of electric vehicles powered by the supplied batteries
4. Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | 7.2: Increase substantially the share of renewable energy in the global energy mix | Investment in battery facilities and production lines |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: Upgrade infrastructure and retrofit industries to make them sustainable | Annual production capacity of battery plants |
| SDG 11: Sustainable Cities and Communities | 11.2: Provide access to safe, affordable, accessible, and sustainable transport systems for all | Number of automakers supplied with batteries |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning | Amount of lithium-ion batteries supplied annually |
| SDG 17: Partnerships for the Goals | 17.17: Encourage and promote effective public, public-private, and civil society partnerships | Number of electric vehicles powered by the supplied batteries |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: reuters.com
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