Ford just canceled a $6.5B battery deal with LG—here's why it matters

Auto Dec 18, 2025

Ford has pulled out of a massive $6.5 billion battery contract with LG Energy Solution, which made up more than a third of LG's total revenue last year.
The move is part of Ford's effort to cut losses and rethink its electric vehicle (EV) plans as the market gets tougher.

Why should you care?

LG's shares took a hit—dropping over 5%—and this shakeup could ripple through the EV world, making things trickier for suppliers and automakers alike.
Plus, with Europe giving carmakers extra time to phase out gas engines, it's clear that the road to an all-electric future is looking less certain—and maybe a bit slower—than many expected.