Ford terminates a $6.5 billion battery supply agreement with LG Energy Solution.

Ford Motor Co. has ended its $6.5 billion contract with LG Energy Solution for battery cells intended for electric vehicles, effective December 17. This decision aligns with Ford's strategic shift away from certain EV models due to low demand and policy changes, including the cancellation of the electric F-150 Lightning. Ford's focus is now on affordable hybrid vehicles and gas-powered models, as it has not yet profited from low-volume EVs. LG Energy Solution remains committed to its partnership with Ford while diversifying its offerings amid market fluctuations.