Insiders report that LGES is in discussions with several Chinese suppliers about producing cost-effective batteries for EVs for the European market. „We are in talks with Chinese companies to develop and produce LFP cathodes for Europe,“ said Wonjoon Suh, head of LGES’s advanced automotive battery division. He did not specify which Chinese companies are involved. „We are considering various measures, including forming joint ventures and signing long-term supply contracts.“ According to Suh, this partnership will help LGES reduce its production costs for LFP batteries within three years, enabling it to compete with Chinese rivals.