LG Energy announced today that it has signed a non-binding memorandum of understanding with US commercial electric vehicle startup IndigoTech to explore battery supply and technical cooperation. IndigoTech is headquartered in Woburn, Massachusetts, and focuses on the electrification of commercial van platforms in the North American market. The company is developing an ecosystem that integrates vehicles, charging infrastructure, and digital services. According to the memorandum, the two sides will work to reach a final agreement to supply 46 series NCM cylindrical batteries for Indigotech's upcoming Flow Ride and Flow Cargo electric vehicles between 2027 and 2030. The two sides will jointly promote business development through vehicle and battery integration and performance verification work. To maximize vehicle performance, the two companies plan to explore opportunities for longer range and shorter charging times.

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