On Wednesday local time, LG Chemical in South Korea announced that the company has signed an agreement worth 25 trillion Korean won (approximately 18.8 billion US dollars) to supply cathode materials for electric vehicle batteries to General Motors from this year to 2035. According to the long-term supply contract, LG Chem will supply over 500000 tons of cathode materials (including nickel, cobalt, manganese, and aluminum) to General Motors in 2026-35. LG Chem believes that the estimated total amount of cathode materials will be sufficient to produce approximately 5 million high-performance electric vehicle batteries.