Update from 7th April 2024:

Since EA published it's Anti-Cheat update it is no longer possible to mod the game with Frosty Mod Manager. But there is another solution without changing any game files and I think it works even better than my mod. All you need to do is edit some quality settings.

First open this file with a text editor:

C:\Users\YOUR USERNAME\Documents\Battlefield V\settings\PROFSAVE_profile

Search for "GstRender.MeshQuality" and set it to 4. That's it. I believe this will force all LODs to be fixed to it's highest quality level because I don't see any LOD changes at all and the game looks great.

Also I recommend setting "GstRender.TerrainQuality" to 4. Basically when you approach terrain, some details will "warp" out of the ground. This increases the distance of these details so you won't notice the warping anymore.

Finally I recommend setting "GstRender.UndergrowthQuality" to 3. This will avoid small details like stones, debris, small bushes
to pop in when approaching. You can still notice them popping in but it happens at a higher distance and 3 seems to be the highest value because
when I set it to 4 these details are completely gone.

Be aware that changing the Graphics or Audio settings in-game might overwrite this file and you need to make the changes again.


Original mod description (outdated):

This mod increases all LOD distances by a factor of 10. The default values by DICE are really low and probably done for console peasants.
This often results in lower quality 3D models at a distance, with noticeable changes in LOD when approaching objects. With this mod installed, you'll no longer experience these distracting graphical inconsistencies, allowing you to fully leverage the capabilities of your GPU.

ARISE MASTERRACE!

You will need Frosty Mod Manager to install this mod.