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
Suzuki Avenis Special Edition Gets New Dual Tone Colour Option
The 124cc scooter is now available in a white and gray paint scheme, retaining its features and specifications.
Drivn and Energy in Motion Sign MoU to Deploy 1,000 Electric Trucks in India Over Two Years
The agreement combines EIM's battery-swapping vehicles and energy infrastructure with Drivn's leasing and financing mode...
IndieSemiC and Nordic Semiconductor Partner to Develop Certified Wireless Modules for IoT Applications
The Ahmedabad-based chip design firm will handle the full module lifecycle, from RF design to certification, using Nordi...




By Autocar Professional Bureau
15 Oct 2024
3292 Views

Shruti Shiraguppi