LG Energy, GM To Develop Prismatic Battery Cells

Seoul: South Korean battery maker LG Energy Solution Ltd. (LGES) said on Tuesday it has signed a deal with General Motors to develop prismatic battery cells.

Under the agreement, the companies will jointly develop prismatic battery cell technology and affiliated battery materials or "chemistries." Once developed, the prismatic battery cells will power GM's future electric vehicles (EVs), LGES said in a statement.

Prismatic battery cells feature a flat, rectangular shape with a rigid enclosure, which allows for space-efficient packaging within battery modules and packs. They could lower EV costs and weight, reports Yonhap news agency.