LG Energy wins deals to supply EV batteries for Ford
Under the contracts, LG Energy Solution is forecasted to supply a total of 109 GWh of batteries to Ford for its electric commercial vans, starting in 2026.
LG Energy Solution has signed supply agreements with Ford Motor Company, to power the latter's electrified models of commercial vans in Europe.
Under the contracts, LG Energy Solution is forecasted to supply a total of 109 GWh of batteries to Ford for its electric commercial vans, starting in 2026 with contract duration ranging from four to six years.
The two companies also agreed that batteries for the current Ford Mustang Mach-E will be produced at LG Energy Solution's Michigan facility in 2025, instead of Poland, to enhance business efficiency and capitalize on competitive market conditions, such as the IRA tax credits.
"These agreements attest to our experience and expertise in powering commercial vehicles with innovative battery technologies designed to handle extreme user environments," said David Kim, CEO of LG Energy Solution.
"Capitalizing on our local production capacity, we will secure leadership in the European market and deliver unmatched values to our customers through advanced battery technologies that effectively address diverse needs."
RELATED ARTICLES
Law and Logistics: Upgrading the Human Supply Chain for a 48-Hour Work Week
While new regulations promise dignity and social security for 15 million drivers, industry veterans warn that a legacy o...
Reskilling the Workforce: The New Scorecard for India’s 3 Crore Auto Workers
As electrification and software-defined vehicles pull the shopfloor into unfamiliar territory, the industry’s focus shif...
Honda Cars India Reports Total Dispatches of 4,938 Units in April 2026
A 21 percent rise in domestic sales offsets a decline in export shipments at the start of the new financial year.




By Autocar Professional Bureau
15 Oct 2024
3308 Views
Shahkar Abidi

Mukul Yudhveer Singh