LG Energy Solution to Power Electric Versions of Ford's Commercial Vans in Europe

Core Insights - LG Energy Solution has signed supply agreements with Ford to provide a total of 109 GWh of batteries for Ford's electric commercial vans in Europe, starting in 2026 with contracts lasting four to six years [1][2] - The production of batteries for the Ford Mustang Mach-E will shift to LG Energy Solution's Michigan facility in 2025 to enhance efficiency and leverage competitive market conditions [1] - LG Energy Solution aims to secure leadership in the European market by utilizing local production capacity and advanced battery technologies [2] Company Overview - LG Energy Solution, a spin-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for various applications, including electric vehicles and energy storage systems [3] - The company holds over 58,000 patents, making it the top patent holder in battery-related technologies globally [3] - LG Energy Solution is committed to achieving carbon neutrality across its value chain by 2050 and promotes a diverse and inclusive corporate culture [3]