Under the agreement, LG Energy Solution is expected to supply 109 GWh of batteries to Ford for its electric commercial vans, starting in 2026 and lasting between four to six years.
Moving LGES' battery production for the Ford Mustang Mach-E from Poland to Michigan by 2025 would enhance business efficiency and capitalize on market conditions, including IRA tax credits.
'These agreements attest to our experience and expertise in powering commercial vehicles with innovative battery technologies designed to handle extreme user environments,' said David Kim, CEO of LG Energy Solution.
'Capitalizing on our local production capacity, we will secure leadership in the European market and deliver unmatched values to our customers through advanced battery technologies that effectively address diverse needs,' Kim said.
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