oç Holding, Ford Motor Co. and LG Energy Solution (LGES) and have signed a non-binding memorandum of understanding to form a new joint venture company. This will support a new venture involving the building of one of Europe’s largest commercial battery cell production facilities. Based in Baskent, Turkey, near the capital city of Ankara, construction will begin at the new facility in last 2023 with production beginning in 2026. The new project will deliver a capacity of at least 25 GWh, with potential to reach 45 GWh.
Lisa Drake, vice president, Ford EV Industrialization, comments:
“Ford continues to ramp up our electrical power plans as we scale to be a leader in the electric vehicle revolution. We are delivering on the same 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 future for Ford in Europe.”
In March 2023 Ford signed an agreement with PT Vale Indonesia and China’s Zhejiang Huayou Cobalt to secure nickel supplies from Indonesia. The material is critical to battery production, particularly the cathode element. The partners have formed the Pomalaa Bolck HPAL project, encompassing both mining and processing functions. Ford is planning to sell only zero-emissions engines in Europe by 2035, whilst also making facilities, logistics operations and suppliers carbon neutral.