According to today's report by South Korean media "The Daily Economy," LG Energy Solution Co., Ltd. will supply cylindrical batteries to Elon Musk's aerospace company, SpaceX, for future space missions.

Industry insiders revealed on Sunday that SpaceX has approached LG Energy to develop and deliver the power batteries needed for its spacecraft. It is known that LG Energy has been supplying SpaceX with its 2170-type cylindrical batteries (diameter 21mm, length 70mm) for years.

It's reported that the new generation of lithium-ion batteries currently in development are expected to power SpaceX's "Starship" rocket, set to launch in 2025.

SpaceX's flagship rocket, Starship, designed for lunar and Martian exploration, completed its fifth successful orbital test in October this year.

Musk plans to turn the "Starship" into a vehicle for manned Mars colonization, while the "Starship" will also play a role in NASA's "Artemis" program, which aims to send astronauts to the Moon for the first time in over 50 years.

Industry analysis indicates that LG Energy Solution's cylindrical battery technology holds a competitive edge in the aerospace sector, as the industry demands extremely high quality from its products.

Additionally, LG Energy will supply Tesla with its 4680 cylindrical batteries (diameter 46mm, length 80mm) and is expected to begin mass production at its Korean factory this December, showcasing further expansion of collaboration between LG Energy and the company led by Musk.

The report indicates that as the electric vehicle market slows down, LG Energy Solutions is accelerating the expansion of its non-electric vehicle business.