Latest Freudenberg Battery Power System LLC News & Updates

Seoul, Dec 26 (IANS) South Korean battery maker LG Energy Solution Ltd. said on Friday it has agreed with a US company to terminate a supply contract signed in 2024 by mutual consent.In a regulatory filing, LG Energy Solution said it has canceled the supply deal worth 3.9 trillion won ($2.69 billion) signed with U.S.-based battery pack producer Freudenberg Battery Power System (FBPS) LLC.LG Energy Solution said the termination came as FBPS decided to pull out from the battery industry, reports Y…