Group 1 - LG Energy Solution announced the termination of a battery supply agreement with Ford, valued at approximately 9.6 trillion KRW (about 45.878 billion RMB) [1] - The termination was due to Ford's notification, influenced by policy adjustments and changes in electric vehicle demand expectations [1] - Ford plans to write down $19.5 billion in assets and halt production of several electric vehicle models, reflecting a broader trend in the automotive industry responding to government policies and weak electric vehicle demand [1] Group 2 - Last week, SK On also announced the termination of its joint venture with Ford to build a battery factory in the U.S., which involved an investment of $11.4 billion in 2022 [1]