LG New Energy said Ford Motor cancelled the 9.6 trillion won electric vehicle battery supply contract, which was concluded in 2024. The termination of the contract was due to Ford's recent policy changes and changes in demand expectations for electric vehicles, which led to the company's decision to stop producing certain electric vehicle models.

LG New Energy said Ford Motor cancelled the 9.6 trillion won electric vehicle battery supply contract, which was concluded in 2024. The termination of the contract was due to Ford's recent policy changes and changes in demand expectations for electric vehicles, which led to the company's decision to stop producing certain electric vehicle models.