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LG Energy will supply Batteries for Ford's Electric Commercial Vehicles Insight

Last Update 15 October 2024

LG Energy Solution will supply Ford with Battery cells and modules valued at $9.5 billion through 2032. The agreements total 109 GWh for Ford’s Electric Commercial Vehicles, including the E-Transit. Production will occur at LG's Wrocław, Poland plant, which currently operates at only 60% capacity due to declining EV sales. This partnership aims to enhance competitiveness and efficiency.

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LG Energy Solution's supply of battery cells and modules valued at $9.5 billion to Ford through 2032 is driven by the growing demand for electric commercial vehicles, positioning both companies for enhanced competitiveness in the evolving EV market. For India, this partnership could stimulate interest in local EV manufacturing and battery production, potentially leading to investments and technology transfers that align with the country's push for sustainable transportation. Achieving this involves utilizing LG Energy's existing production capabilities in Poland while exploring local manufacturing options to capitalize on government subsidies for EVs in North America. Overall, this deal opens up opportunities for LG Energy to expand its footprint in the lucrative European electric commercial vehicle market, reinforcing its technological edge and long-term contract stability amid rising demand.

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