LG To Supply Batteries For US-Based Bear Robotics

Seoul: LG Energy Solution Ltd (LGES), South Korea's leading battery maker, said on Monday it has signed an initial pact with US-based Bear Robotics to become its sole supplier of cylindrical batteries.

LGES signed a memorandum of understanding with the Silicon Valley-based artificial intelligence autonomous service robot company to supply its cylindrical battery cells for Bear Robotics' flagship robots, such as Servi Plus and Carti 100, from next year, the company said in a statement. The agreement also includes cooperation on new technologies and fostering a strong partnership to strengthen both parties' competitive edge in the burgeoning global robot market, it said.

LGES aims to diversify its business portfolio by expanding into new areas, particularly those with high growth potential, such as urban air mobility, vessels and robotics, reports Yonhap news agency.

Last week, LG Energy Solution clinched a deal to supply electric vehicle batteries to US automotive manufacturer Rivian.