"Its larger size enables higher energy density, improved space efficiency, and enhanced safety, which is attracting industry-wide attention," LGES said in a press release.
"Due to the dynamic nature of the current EV market, an increasing number of global automakers are demonstrating a strong preference for a diverse range of battery form factors," said David Kim, CEO of LG Energy Solution.
"The R2 is expected to get over 300 miles of range," the automaker said, highlighting the R2's competitive potential in the electric vehicle marketplace.
LGES will provide Rivian with its advanced 4695 cylindrical cells for over five years, totaling 67 gigawatt-hours, marking a significant investment in EV technology.
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