Henglong’s successful full-process development of similar C-EPS products for European markets has earned high appreciation from OEM customers. This new collaboration in South America further ...
The European Commission has proposed watering down the bloc’s planned 2035 phase-out of new combustion-engine cars, in a move ...
Korea JoongAng Daily on MSN
Ford cancels $6.5 billion EV battery supply deal with LG Energy Solution
LG Energy Solution Ltd. said Wednesday it has been notified of the cancellation of a 9.6 trillion-won ($6.5 billion) battery ...
The news also follows a similar development between Ford ( F) and SK On to terminate its $11.4B BlueOval joint venture to ...
Stocktwits on MSN
Ford terminates $6.5 billion LG Energy deal after retreating from EVs — and retail is split
Ford and LG Energy signed a $6.5 billion contract in 2024 to supply up to 34 gigawatt-hours of batteries between 2026 and ...
The electric van’s replacement will still have a battery, but not one that will power it over significant distances.
Ford Motor Co. is significantly scaling back its electric vehicle program, citing years of financial losses. The automaker reported losses totaling approximately $13 billion on EV projects since 2023.
Automakers are shifting strategies as Chinese brands rise and regional market needs diverge from regulatory mandates.
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles in lieu of investment in more efficient ...
Mass layoffs are anticipated at Kentucky’s BlueOval SK plant as Ford Motor Co. takes over and repurposes the EV battery ...
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning ...
Ford is officially discontinuing the fully-electric F-150 Lightning at the end of 2025, taking a massive $19.5 billion USD ...
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