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Ford, LG Energy Solution, Koç Holding to form JV to build battery gigafactory in Turkey

Green Car Congress

Ford Motor Company, LG Energy Solution and Koç Holding signed a non-binding memorandum of understanding (MoU) to form a new joint venture subject to final agreement by all the parties to create one of Europe’s largest commercial electric vehicle battery cell facilities near Ankara, Turkey. Earlier post.)

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BYD prepares to unleash its second 7,000-car carrier to fuel its global EV expansion

Baua Electric

A second car carrier is ready to embark as BYD looks to continue its dominant global expansion. BYD’s new vessel is the second of seven that will hit the seas over the next two years as China’s EV leader goes global. BYD sold 145,627 all-electric vehicles last month, pushing its total to over one million for 2024.

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Ford investing £150M in Halewood plant to scale up EV portfolio

Green Car Congress

Building on its commitment to grow an all-electric vehicle range, Ford has invested a further £125 million in its Halewood Plant, on Merseyside in the UK—increasing capacity by 70%—plus £24 million in the supporting E:PRiME product development center. billion (US$2.6 billion) annually.

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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. “Electric vehicles are no longer only a wealthy country phenomenon. .

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Elon Musk courted by French President as Tesla eyes global expansion

Teslarati

Tesla CEO Elon Musk has met with the President of France, Emmanuel Macron, as the automaker considers furthering its global expansion. Alongside its dramatic production ramp, Tesla has been growing its global market presence in parallel. We also talked about digital regulation. We have so much to do together.

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BYD Europe hires former Fiat Chrysler COO

Teslarati

BYD has set ambitious goals for its global market expansion. BYD forecasts that its overseas market will account for 50% of its global sales in the future, and Europe plays a significant role in the Chinese automaker’s plans. It currently has its eyes set in either Hungary or Turkey.

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Ford launches the E-Transit in Europe, electrifying business productivity globally

Teslarati

Ford announced it has officially started shipping production units of its all-electric E-Transit van to customers across Europe, aligning with its goals to electrify its business globally. and Koç Holding have Ford in a prime position to move all in on its electrified future in Europe.

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