LG Energy Solution announced today the signing of significant supply agreements with Ford Motor Company to power Ford’s next generation of electrified commercial vans across Europe. Under the agreements, LG Energy Solution will supply a total of 109 GWh of battery capacity to Ford, starting in 2026, with contracts spanning four to six years.
The partnership aims to strengthen Ford’s electrification efforts in the European market, ensuring a steady supply of advanced battery technologies tailored for commercial applications. These batteries are designed to withstand the rigorous demands of commercial use, enhancing the performance and range of Ford’s electric vans.
In addition to the European supply agreement, the companies revealed a shift in the production location for batteries for the current Ford Mustang Mach-E. Production will move from LG Energy Solution’s facility in Poland to its plant in Michigan in 2025. This strategic decision aims to leverage favorable market conditions, including the incentives provided by the Inflation Reduction Act (IRA) in the United States, thereby boosting business efficiency.
“These agreements attest to our experience and expertise in powering commercial vehicles with innovative battery technologies designed to handle extreme user environments,” stated David Kim, CEO of LG Energy Solution. “Capitalizing on our local production capacity, we will secure leadership in the European market and deliver unmatched values to our customers through advanced battery technologies that effectively address diverse needs.”
The new agreements reinforce LG Energy Solution’s commitment to expanding its footprint in the global EV battery market and highlight the growing demand for sustainable commercial vehicle solutions.
