Ford Just Torched a $6.5 Billion Battery Deal--Is the EV Dream Unraveling?
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Ford Motor Co. has canceled a $6.5 billion battery supply deal with LG Energy Solution, indicating a possible reassessment of its electric vehicle strategy. This move is part of Ford's broader efforts to address financial pressures in its EV operations, including scrapping plans for an electric F-Series truck and ending a US battery venture with SK Innovation. The decision highlights uncertainties in the global EV transition, as seen with the European Commission's recent policy adjustments.
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