From that same report (page 8):Whatever, Samsung finally...

From that same report (page 8):

Whatever, Samsung finally decides, it is clear that a battery ecosystem is building out in Tennessee and co-location is a popular
thematic driving partnerships:
• LG is the second battery manufacturer, after Panasonic, to put its batteries in a Tesla vehicle. It has been reported that
LG, alongside Panasonic, is manufacturing the cylindrical 4680 format cells for Tesla
• LG licenses its NCM battery technology from 3M, a large US company, which sponsored Dr Jeff Dahn’s NMC patent in
2015. Thus, LG and Dr Dahn are well known to each other. Dr Dahn is also Chief Scientific advisor at Tesla. He also, holds
the same role at NVX; and
• LG has a multi-year 2170 cylindrical battery cell format supply contract with Lucid Motors, which has a plant in Arizona.
The Chairman of Lucid Motors is also a Non-Executive Director of NVX



Hadn't thought of LG as a serious client short term before we get contracts filled with Samsung and Sanyo/Panasonic, but there are synergies and links....