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Shares in South Korea's LGES drop more than 7% after Ford cancels EV battery deal
Reuters· 2025-12-18 00:20
Core Viewpoint - Shares of LG Energy Solution fell by as much as 7.6% in morning trade following the announcement that Ford Motor had cancelled an electric vehicle battery supply deal [1] Company Summary - LG Energy Solution's stock experienced a significant decline of 7.6% in the morning session on Thursday [1] - The decline was triggered by the cancellation of a supply agreement for electric vehicle batteries with Ford Motor [1] Industry Summary - The cancellation of the battery supply deal highlights potential volatility in the electric vehicle supply chain [1] - This event may impact investor sentiment towards companies involved in the electric vehicle battery sector [1]
Ford Cancels $6.52B EV Battery Contract with LG
MarketWatch· 2025-12-17 11:42
Ford has canceled an electric vehicle battery contract with LG worth 9.6 trillion Korean won (US$6.52 billion). ...
X @Bloomberg
Bloomberg· 2025-07-10 03:06
Environmental Concerns - Electric vehicle battery suppliers like BYD and EVE Energy are urged to increase the adoption of clean power at their manufacturing sites [1] - Greenpeace highlights the need for battery suppliers to transition to cleaner energy sources [1]