Seoul, Dec. 18 -- South Korean battery maker LG Energy Solution Ltd. announced on Wednesday that a massive deal to supply batteries to Ford Motor Co. is now over. The American car company sent a notice to cancel the agreement because it is changing its plans for electric cars. This deal was worth about 9 trillion won (USD 6.09 billion), as per a report by Pulse, the English service of Maeil Business News Korea.

The cancelled contract was a very large one for LG Energy Solution as it involved sending 75 gigawatt-hours of batteries to Ford over a period of six years. These batteries were supposed to be delivered between the years 2027 and 2032. The money from this deal makes up 28.5 per cent of LG's recent annual revenue.

LG Energy Soluti...