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Exact battery sales by South Korea's No.1 chemicals company will depend on how many cars the U.S. No.2 automaker sells, the Maeil business newspaper reported, quoting a company official.
"The size and condition of the deal with Ford is similar to the one with GM," the official said at the paper.
LG Chem's U.S. unit has reached a deal to supply next-generation lithium-ion batteries for General Motors' Volt plug-in.
A senior spokesman LG Chem said nothing had been decided yet.
LG Chem last year said it would invest 1 trillion won in an electric car battery plant over the next four years, aiming to derive total revenue of 2 trillion won from the battery business by 2015.
LG Chem last year also said it would set up a battery joint venture with South Korea's Hyundai Mobis Co, the car-parts making unit of Hyundai Motor Group. Hyundai Motor Co launched its first hybrid car in South Korea last July.
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