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

Lillian Chen, Taipei; Jingyue Hsiao, DIGITIMES Asia 0

Credit: LGES

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...

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