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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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Ford to reopen Chennai plant for EV exports to spearhead its global comeback

Baua Electric

After a three-year break, Ford is set to reopen its Chennai plant in India. However, This time, Ford will focus on EVs as it faces a global comeback. The move comes as part of the company’s Ford+ plan to drive future growth and profits as the industry shifts to a new digital, electric era.

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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

Green Car Congress

Ford announced a series of initiatives for sourcing battery capacity and raw materials that light a clear path to reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026. Ford announced that Contemporary Amperex Technology Co., 150,000 F-150 Lightnings for North America.

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Ford announces new battery production facility JV with LG

Teslarati

Ford has announced that it has signed a memorandum of understanding (MOU) with LG and KOÇ Holdings to construct a battery production facility in Ankara, Turkey. While Ford has outlined a massive electric production overhaul in North America , it has yet to do so in Europe.

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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. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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Ford, DowAksa jointly to develop carbon fiber for high-volume automotive light-weighting applications

Green Car Congress

Ford and DowAksa signed a joint development agreement (JDA) formally to advance research on cost-effective, high-volume manufacturing of automotive-grade carbon fiber, a material poised to play a significant role in the drive to make vehicles lighter. DowAksa is committed to bringing the benefits of carbon fiber to the industrial marketplace.

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Ford planning to cut 18% of production capacity, 13% of workforce in Europe; anticipating more than $1.5B loss in Europe in 2012

Green Car Congress

The actions—along with a previously announced initiative to reduce approximately 500 salaried and agency positions across Europe, with the Ford salaried reductions achieved voluntarily—affect 6,200 positions or about 13% of Ford’s European workforce. Ford plans to close the two facilities in the UK in 2013.

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