TSI has confirmed on Friday that it was in talks with LG Energy Solution for a potential deal to supply battery production equipment.
Responding to a request by the Korea Exchange to confirm related reports, the South Korean equipment maker said it was true that it was in specific talks to supply battery equipment to for LG’s Poland battery plant. However, contract is yet to be finalized, TSI added.
TheElec was the first to report on the deal on Wednesday.
A LG Energy Solution spokesperson also confirmed the pair’s talk, adding that it was highly likely that TSI would win the order.
TSI is expected supply mixing equipment for LG’s third factory at Poland. The company has earlier attempted to win orders for mixing equipment from Ultium Cells, a joint venture between LG and Genera Motors, and LG Energy Solution’s Nanjing plant, but these failed.
TSI actively sought the latest order from LG Energy Solution and offered competitive prices for its kits, a person familiar with the matter said.
TSI’s mixing equipment supplied to LG will have a capacity of 2,300 liters. The company is expected to be the exclusive vendor of them for the third factory.