South Korea’s LG Energy Solution ends $6.5 billion EV battery-supply deal with Ford

SEOUL, Dec 17 (Reuters) – South Korea’s LG Energy Solution said on Wednesday that it has terminated an electric vehicle (EV) battery-supply deal with Ford Motor worth about 9.6 trillion won ($6.50 billion).

The South Korean battery maker said in a regulatory filing that the termination followed a notice from Ford after the automaker decided to halt production of some EV models due to policy changes and shifts in outlook for EV demand.

($1 = 1,478.0600 won)

(Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Muralikumar Anantharaman)

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