Ford, LG Energy Solution, and Koç Holding partner to establish EV battery cell facility in Turkey.
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Ford, LG Energy Solution, and Koç Holding partner to establish EV battery cell facility in Turkey.

Ford, LG Energy Solution, and Koç Holding have committed to at least 25 (GWh) of annual production capacity of the new plant, with the potential to expand up to 45 GWh.

Ford, LG Energy Solution, and Koç Holding have signed a non-binding Memorandum of Understanding (MoU) to establish one of Europe’s largest commercial electric vehicle battery cell facilities near Ankara, Turkey. The new joint venture aims to strengthen Ford’s electric future in Europe, and is expected to break ground later this year.

The joint venture, subject to final agreement by all parties, will be located in an organised industrial zone in Başkent, near Ankara, and production is expected to begin in 2026. According to the MoU, the three companies have committed to at least 25-gigawatt hours (GWh) of annual production capacity, with the potential to expand up to 45 GWh.

The agreement between the three parties marks a significant milestone in the development of electric vehicle technology and underscores the growing demand for electric vehicles in Europe. As the world continues to shift towards sustainable energy, major automobile manufacturers such as Ford are investing heavily in the development of electric vehicles.

The establishment of this joint venture builds upon the longstanding business relationships that Ford has with both LG Energy Solution (LGES) and Koç Holding. Over the past decade, Ford has collaborated with LGES, with the latter supplying batteries from its Poland-based plant for the Ford Mustang Mach-E and E-Transit.

Furthermore, Ford Motor Company has enjoyed a strong business relationship with Koç Holding, which dates back almost a century. This includes the successful Ford Otosan joint venture, which has been in operation for over 60 years.

Commenting on this partnership, Lisa Drake, Vice President, Ford EV Industrialization, said: Ford continues to ramp up our electric vehicle plans as we scale to be a leader in the electric vehicle revolution. We are delivering on the commitment to produce batteries in the same region where we build electric vehicles. Establishing the new joint venture with LGES and Koç Holding will lay a solid foundation that is fundamental to building a thriving electric vehicle future for Ford in Europe.

Youngsoo Kwon, CEO of LG Energy Solution, said: Our long-time business relationship with Ford is the result of our commitment to deliver unmatched product competitiveness, stable yields, and global operational expertise, made possible by our extensive knowledge accumulated through pre-emptive investments in global markets. Now joining forces with Ford and Koç in Turkey, we will bring in our leading battery technology to further boost the EV transition in Europe, thereby leading the global initiatives for a more sustainable future.

Also Read: Mercedes partners with Google to create next-gen Navigation technology for its vehicles.

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