Embracing the shift towards sustainability, automotive giant Ford (NYSE:F) has struck a remarkable new battery agreement with LG Energy Solution to power its operations in Europe. This strategic move has stirred excitement among investors, nudging Ford’s stock slightly upwards during Tuesday’s trading session.
While the specific details of the deal remain undisclosed, reports suggest that Ford and LG have inked two pivotal contracts. One of these agreements entails the installation of LG batteries in Blue Oval vans for commercial use across Europe. LG is set to supply Ford with a whopping 109 GWh of batteries starting in 2026, underlining the long-term commitment between the two industry stalwarts.
This symbiotic partnership is anticipated to run for a duration spanning four to six years. Previously, Ford collaborated with LG to equip the Mustang Mach-E with battery packs, enabling these vehicles to qualify for federal clean energy tax credits. Moreover, Ford’s deal with LG signifies a reshift in Mach-E battery production, transitioning from Poland to Michigan—bringing production closer to home.
Ford Unveils Attention-Grabbing Bronco Stroppe Edition
Simultaneously, Ford recently introduced the captivating Ford Bronco Stroppe Edition, drawing parallels to the legendary Baja versions of yesteryears as highlighted by a report from Motor1. Described as “…another modern Ford Bronco with ties to its past,” the Stroppe edition pays homage to its historical roots through a similar color scheme while standing out for its cosmetic enhancements. Notably, the Stroppe model will be uniformly equipped with the Sasquatch package—a two-door V6 with HOSS suspension and 17-inch wheels—certifying its status as an off-road contender among the greats.
Analyzing Ford’s Investment Potential
Analysts on Wall Street have bestowed Ford stock with a Moderate Buy consensus rating, based on a breakdown of five Buy, nine Hold, and one Sell ratings assigned in the last three months. Despite enduring a 2% dip in its share price over the past year, the average price target of $12.82 per share suggests a significant 17.45% upside potential for investors eager to capitalize on Ford’s future prospects.
Explore more insights on Ford analyst ratings here.