According to the special news reported by Bloomberg, Koç Holding has agreed with Ford and LG in the production of battery cells.
last month Bloomberg Ford Motor’s battery investment in Turkey will do it together with LG had passed the news. Previously, the company signed a non-binding letter of intent with Koç and South Korean SK On for the said investment, and there were news in the South Korean media that SK On had withdrawn from the investment for a while. In the news shared last month Ford And LG Energy Solution It was said that he will sign a new letter of intent in the coming weeks, probably at the end of January or beginning of February. If today Koç Holding, Ford Motor Company and LG Energy Solution, non-binding memorandum of understanding regarding the investment in the battery cell manufacturing facility signed. According to the statement made on the subject, the facility that will contribute to the automotive industry on a global scale will be established in Ankara and will be one of the largest battery cell production bases in Europe. While the facility is planned to start production in 2026 and reach an annual capacity of 25 gigawatts, an agreement was reached to increase the capacity by 20 gigawatts to a total of 45 gigawatts in 2029 as the second stage. Incoming The official statement is as follows:
“We feel the pain of the great earthquake disaster we experienced on February 6, 2023 in our hearts. We have mobilized all our means for our country. We are working to heal the wounds with the spirit of solidarity. We believe that the investments to be made in our country are of great importance in overcoming this extraordinarily difficult period. In this context, we emphasize our determination to implement this facility investment, which will bring a significant global competitive advantage to our country in the automotive sector, together with two important global companies. We express our condolences to our country, and we sincerely believe that we will overcome these difficult days in unity and solidarity.”
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In Turkey, other steps are being taken in the field of batteries. To develop energy storage solutions for automotive and non-automotive applications in Turkey and surrounding countries Togg And Farasis Energy established in partnership Siro Silk Road Clean Energy Storage Technologieshas come to the fore with an important step in the past months.
one from twitter sharing company that makes “We started development activities for different usage areas, especially electric vehicles. We have successfully completed the production and testing of our first prototype battery at our Battery Development Center in Gebze.” had made the statement.