Ford to build a massive EV battery plant in Turkey

Ford to build a massive EV battery plant in Turkey
Ford wants to produce two million EVs yearly by 2026 (Shutterstock)
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Updated 14 March 2022
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Ford to build a massive EV battery plant in Turkey

Ford to build a massive EV battery plant in Turkey

RIYADH: US automobile manufacturer Ford plans to build one the largest electric vehicle battery facilities in Turkey in collaboration with South Korean intermediate holding group SK Innovation Co., Bloomberg reported.

Turkey’s largest industrial conglomerate, Koc Holding AS, is also planning to be part of the joint venture.

Batteries produced at the new facility are expected to power models including Ford’s Transit commercial vans.

The amount to be invested in the construction of the plant is yet to be disclosed.

The facility, which is set to open by 2025, will have an annual production capacity of 30 to 45 gigawatt hours.

The plant is part of a bigger target of the car maker giant to produce a total of two million EVs yearly by 2026.

“The project is the first in a number of significant electrification and commercial vehicle announcements we will make this year,” said Stuart Rowley, Ford Europe’s chairman, according to Bloomberg.