LG Energy Solution wins deals to supply electric vehicle batteries to Ford

By Kim Joo-heon Posted : October 15, 2024, 17:31 Updated : October 16, 2024, 09:52
This photo shows LG Energy Solution's factory in Wrocław, Poland. Courtesy of LG Energy Solution
SEOUL, October 15 (AJP) - LG Energy Solution has signed supply contracts for electric vehicle batteries with Ford Motor, the Korean battery maker said Tuesday.

Under the deals, LG will supply the U.S. automaker with a total of 109 gigawatt-hours of electric commercial vehicle battery cells and modules.

The Korean firm plans to deliver 75 gigawatt-hours over six years starting in 2027, along with 34 gigawatt-hours over five years beginning in 2026. All products are scheduled to be produced at LG's plant in Poland.

"These agreements attest to our experience and expertise in powering commercial vehicles with innovative battery technologies designed to handle extreme user environments," said LG Energy Solution CEO David Kim.

"By leveraging our local production capacity, we will secure leadership in the European market and deliver unmatched value to our customers through advanced battery technologies that effectively address diverse needs," Kim added.

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