South Korea-based LG Energy Solution has signed agreements with Ford Motor to supply battery modules from its Poland facility for Ford’s commercial vans in the UK and EU.
Under the contracts, LG Energy Solution is expected to supply a total of 109 GWh of batteries to Ford for its electric commercial vans starting in 2026, for four to six years.
The two companies also agreed that batteries for the current Ford Mustang Mach-E will be produced at LG Energy Solution’s Michigan facility in 2025, instead of Poland, to enhance efficiency and capitalize on tax credits available under the US Inflation Reduction Act (IRA) for EVs that use batteries manufactured in the US.
“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.
Source: LG Energy Solution
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