LG Energy Solution to supply battery modules for Ford’s commercial vans in the UK and EU markets
London, October 28, 2024, (Oilandgaspress) ––– LG Energy Solution announced it signed supply agreements with Ford Motor Company (“Ford”) to power the electrified models of Ford 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.
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