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Chery signs surprise battery agreement with LGES, as automakers seek battery supply diversification

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Chinese automakers are taking aim at CATL's battery dominance.
On Monday, China’s fourth-largest automaker, Chery, entered a surprise agreement with South Korea's LG Energy Solution (LGES) to purchase 8 GWh of nickel-manganese-cobalt (NMC) batteries through 2030.
Some context: Once the global leader...



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