LGES announced in a statement that it will provide the US carmaker with 34 GWh of batteries under one contract from 2026 to 2030 and 75 GWh of batteries under another contract from 2027 to 2032.
LG Energy Solution Ltd (LGES), a prominent South Korean battery manufacturer, announced its strategic partnership to supply Ford Motor with batteries for its commercial vehicles. Under the terms of two separate contracts, LGES will deliver 34 GWh of batteries from 2026 to 2030 and another 75 GWh from 2027 to 2032, according to the company’s statement.
These batteries will be manufactured at LGES’s facility in Poland starting in 2026, as reported by the Yonhap news agency. The production agreement highlights LGES’s capabilities in catering to the electric commercial vehicle sector, emphasized by LGES Chief Executive Kim Dong-myung. He remarked that the deals with Ford showcase LG Energy Solution’s advanced technology and product quality in the all-electric commercial vehicle battery market. The transactions are valued at a minimum of 13 trillion won (approximately USD 9.5 billion), based on last year’s market prices for battery cells.
This development comes at a time when the European commercial EV market is witnessing significant growth. According to LMC Automotive, a global research firm, half of the commercial vehicles in Europe are expected to be battery-powered by 2030.
LGES operates seven battery cell plants globally, with locations in South Korea, Poland, China, Indonesia, and three in the United States, demonstrating its extensive manufacturing footprint.
Additionally, LGES is enhancing its technological edge in EV battery management. It recently entered into a memorandum of understanding (MOU) with Analog Devices, Inc. (ADI), a US-based company. This collaboration is set to develop a technology that will precisely measure the internal temperatures of EV battery cells. Under the MOU, ADI will provide high-performance battery management integrated circuits (BMICs) for LGES’s EV battery management systems over the next two years.
Despite the current slowdown in global EV market demand, a period LGES describes as the “chasm” before widespread adoption, the company is committed to strengthening its position as a leading car battery supplier. This approach underlines LGES’s strategic focus on maintaining and enhancing its competitiveness within the evolving automotive industry.
