Ford cancels Poland battery contract with LGES

3 weeks ago 8

GlobalData

Thu, December 18, 2025 astatine 5:56 AM CST 1 min read

South Korean artillery shaper LG Energy Solution Ltd (LGES) has revealed successful a regulatory filing that it has been notified by Ford Motor Company of the cancellation of their KRW 9.6 trillion (US$ 6.5 billion) artillery proviso declaration signed successful October past year. The declaration was for the proviso of 109 gigawatt-hours (GWh) of nickel-cobalt-manganese (NCM) batteries betwixt 2026 and 2032 from its works successful Poland, for fitment chiefly successful Ford airy commercialized vehicles (LCVs).

LGES said successful a statement: “This substance concerns the counterparty's determination to discontinue the accumulation of definite electrical conveyance (EV) models owed to caller argumentation changes and shifts successful EV request forecasts, and the consequent announcement of declaration termination.”

Earlier this week, Ford announced a US$ 19.5 cardinal one-off complaint arsenic it looks to reshape its EV strategy, pulling backmost from immoderate larger artillery electrical conveyance (BEV) models and shifting concern towards hybrids, and extended-range vehicles.

The US automaker confirmed the moves are intended to align superior spending much intimately with lawsuit request and higher-return opportunities, portion mounting retired a way to profitability for its Model e EV portion by 2029, with yearly improvements anticipated from 2026.

Ford president and CEO Jim Farley said successful a statement: “This is simply a customer-driven displacement to make a stronger, much resilient and much profitable Ford. The operating world has changed, and we are redeploying superior into higher-return maturation opportunities.”

"Ford cancels Poland artillery declaration with LGES" was primitively created and published by Just Auto, a GlobalData owned brand.

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