SpaceX has reportedly struck a deal with LG Energy Solution Ltd. to supply cylindrical lithium-ion batteries for Elon Musk's Starship rocket, expected to launch early next year, according to industry sources.

The much-anticipated Rivian R2, expected to compete with Tesla's Model Y, will utilize US-made LG's 4695 cylindrical batteries.

South Korea's LG Energy Solution on Friday said its subsidiary LG Energy Solution Arizona has signed a battery supply agreement with U.S.-based automotive manufacturer Rivian .

South Korea’s LG Energy Solutions announced it will be supplying LG’s 4695 cylindrical batteries to Rivian as part of a five-year agreement. Within the first year of production, the batteries will be manufactured at LG’s standalone plant in Arizona before being delivered to Rivian’s Normal,

Rivian’s R2 vehicles will be powered by batteries made domestically in the US by South Korea’s LG Energy Solution, the company announced in its third quarter earnings report. Rivian first revealed the new batteries back in March when it announced the R2 as its more affordable electric SUV that would start at $45,

LG Energy Solution will supply its cylindrical batteries equivalent to 67 gigawatt-hours to U.S. electric vehicle (EV) maker Rivian over the next five years, the battery giant said Friday.

Battery manufacturer LG Energy Solution just announced that its Arizona subsidiary has signed a long-term supply agreement with US