Ford has made a significant move by terminating a $6.5 billion electric vehicle battery contract with LG Energy Solution. The decision marks a major reshuffling in the EV supply chain, with major automakers reconsidering their battery sourcing strategies. This contract cancellation reflects broader industry volatility as companies pivot between different battery technology partners and domestic manufacturing priorities. The move impacts not just automotive production timelines but also signals shifting preferences in battery technology development. Industry observers are closely watching how this impacts EV production schedules and whether it influences other major automotive-battery partnerships in the coming quarters.
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BearMarketSurvivor
· 13h ago
Ford's move is quite interesting; they just cut the 6.5 billion like that. LG must be feeling pretty uncomfortable.
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LeverageAddict
· 13h ago
6.5 billion USD cut just like that, Ford's move is really a bit ruthless.
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BearMarketSurvivor
· 13h ago
6.5 billion cut just like that, Ford's move is a bit ruthless, LG Energy is going to cry to death
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ForkThisDAO
· 13h ago
Ford's move is impressive, directly outpacing LG with 6.5 billion USD, and they'll need to pay extra to find a new supplier.
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FOMOmonster
· 13h ago
6.5 billion invested and all overturned again, this is the daily routine of traditional car companies, haha
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MercilessHalal
· 13h ago
Ford is really ruthless this time, tearing apart 6.5 billion directly. LG will be crying now, and the supply chain will have to be reshuffled again.
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WhaleWatcher
· 13h ago
650 million can be cut just like that, Ford's move is really ruthless... What can LG do?
Ford has made a significant move by terminating a $6.5 billion electric vehicle battery contract with LG Energy Solution. The decision marks a major reshuffling in the EV supply chain, with major automakers reconsidering their battery sourcing strategies. This contract cancellation reflects broader industry volatility as companies pivot between different battery technology partners and domestic manufacturing priorities. The move impacts not just automotive production timelines but also signals shifting preferences in battery technology development. Industry observers are closely watching how this impacts EV production schedules and whether it influences other major automotive-battery partnerships in the coming quarters.