LG Energy Solution, Ford, and Koç Holding to establish a JOINT VENTURE to produce battery cells as Ford prepares to bring more EVs to customers in Europe
Retrieved on:
Tuesday, February 21, 2023
The new joint venture will be located in an organised industrial zone in Başkent, near Ankara.
Key Points:
- The new joint venture will be located in an organised industrial zone in Başkent, near Ankara.
- "Ford continues to ramp up our electric vehicle plans as we scale to be a leader in the electric vehicle revolution.
- This joint venture builds on two long-standing business relationships Ford has with both LGES and Koç Holding.
- Ford Motor Company and Koç Holding enjoy a strong relationship that stretches back almost a century and includes the successful Ford Otosan joint venture, now over 60 years old.