Ford cancels EV battery deal worth $6.5 billion with South Korea's LG Energy Solution
- Posted on December 18, 2025
- By Business News Today
- 4 Views
Ford cancels EV battery deal worth $6.5 billion with South Korea's LG Energy Solution
Ford Motor has cancelled a major electric vehicle battery supply deal with LG Energy Solution. The agreement was worth approximately 9.6 trillion won. This decision follows Ford's move to halt production of some EV models. The automaker cited policy changes and a weaker outlook for electric vehicle demand.
