LG Energy Solution & Ford sign battery supply deal
LG Energy Solution (LGES) and Ford signed a battery supply deal. Part of the agreement between Ford and the South Korean battery supplier includes moving LGES’ battery production for the Mustang Mach-E from Europe to the United States.
LGES and Ford’s contract is predicted to help the South Korean battery supplier expand its manufacturing capacity in the EU. Meanwhile, the supply deals are expected to help Ford meet tougher battery-sourcing requirements for EVs in Europe, the United Kingdom, and the United States.
Under the agreement, LG Energy Solution is expected to supply 109 GWh of batteries to Ford for its electric commercial vans. The contract will start in 2026 and last between four to six years. Ford commercial vans will be sold in Europe.
In August, Ford CEO Jim Farley traveled across Europe in the company’s all-electric E-Transit Custom. He gathered first-hand feedback and insight from potential E-Transit Custom customers in Europe.
The deal between the two companies requires LGES to produce batteries for the Ford Mustang Mach-E in Michigan instead of Poland by 2025. According to the companies’ press release about the deal, moving production from Poland to LGES’ Michigan facility would enhance business efficiency and capitalize on market conditions, like the IRA tax credits.
“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.
“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,” Kim said.
If you have any tips, contact me at maria@teslarati.com or via X @Writer_0100110.
The post LG Energy Solution & Ford sign battery supply deal appeared first on TESLARATI.
Source: https://www.teslarati.com/lg-energy-solution-ford-battery-supply-deal/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.