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Ford cancels USD 6.5 billion LGES battery contract for axed new-gen E-Transit
On December 16, LG Energy Solution (LGES) announced in a regulatory filing that Ford Motor has terminated its long-term EV battery supply agreement, citing changes in the policy environment and weakening demand for EV.
Under contracts signed in October 2024, LG Energy Solution was to supply 34 GWh of batteries to Fo....
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