According to reports, Ford will establish a new battery factory in Turkey in collaboration with LG Energy Solutions. Both parties have signed a memorandum of understanding with KOC Group, a local private enterprise ranked among the Fortune Global 500, to form a new joint venture company.
Ford’s goal is to establish the largest commercial vehicle battery factory in Europe, located in the Baskent industrial zone near Ankara, Turkey. The new factory is expected to break ground later this year and plans to start production in 2026. The annual production capacity of the new factory is expected to reach a minimum of 25 GWh and has the potential to reach 45 GWh in the future.
Ford has close working relationships with both companies. Ford and KOC Group jointly established the Ford Otosan joint venture, and LG provides batteries for the Ford Mustang Mach-E at its factory in Poland.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.