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  • October 8, 2026
  • Last Update July 17, 2026 9:28 pm
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LG Energy Solution terminates US$6.5 billion EV battery contract with Ford amid demand concerns

LG Energy Solution terminates US$6.5 billion EV battery contract with Ford amid demand concerns

LG Energy Solution (LGES) has ended a major electric vehicle (EV) battery supply agreement with Ford Motor Company valued at about KRW9.6 trillion (approx. US$6.53 billion). The termination highlights ongoing challenges and potential prolongation of the EV demand shortfall, industry observers say.

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