Well, if you can't beat them, join them. "Working with LG Energy Solution, we are excited to be able to offer products that will provide the performance and quality our customers expect. To fulfill the supply agreement, LG Energy Solution will invest KRW 4 trillion (approximately USD 3 billion) in its Michigan facility to establish new production lines for battery cells and modules exclusively for Toyota, with completion slated for 2025. Initially, the battery modules will go to Toyota Motor Manufacturing Kentucky to be assembled into battery packs and equipped onto BEVs. The landmark deal represents LG Energy Solution’s largest single supply agreement secured outside of joint venture agreements." LG Energy Solution and Toyota Sign Long-term Battery Supply Agreement to Power Electric Vehicles in the U.S. - Toyota USA Newsroom
