LG Energy Solution has canceled part of a major battery supply agreement with Ford, reflecting the automaker’s shift away from electric vehicles following U.S. subsidy cuts and weaker EV demand.
SK On and Ford agreed to dissolve their $11 billion BlueOval SK battery joint venture, splitting ownership of three U.S. plants as both companies adjust to slowing EV demand. Ford will take over two Kentucky factories, while SK On assumes full control of the Tennessee plant and plans to supply batteries to Ford and other customers.
Auto loan approval rates are declining across the board—even for borrowers with strong credit—due to tighter lending standards, rising delinquency rates, and growing economic...
Consumers looking to purchase an electric vehicle or plug-in hybrid now have an opportunity to take advantage of 0% financing offers from multiple automakers,...
Korean battery makers are on the alert after Ford Motor’s recent decision to temporarily pause its Michigan battery plant with Contemporary Amperex Technology (CATL), which may help...
LG Energy Solution, a battery maker, may build a manufacturing plant in Turkey with Ford, according to a Bloomberg report Monday.
The U.S. carmaker initially...
