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

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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.)

Turkey 334
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Farasis Energy, Togg JV Siro starts battery module and pack production in Turkey

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Siro , a joint venture between Farasis Energy and Turkish global mobility technology brand Togg ( earlier post ), has started production at the new Gemlik site in Turkey on 31 March. Siro will supply Togg, customers of Farasis Energy Europe as well as its own customers in automotive, industrial applications and stationary storage solutions.

Turkey 259
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Turkey-based BD Otomotiv in talks to rescue THINK brand from bankruptcy

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BD Otomotiv is a Turkey-based investment group which in recent years has focused on electric transportation. The group has also made major investments into EV charging infrastructure, and owns and operates charging stations across Turkey.

Turkey 257
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Norwegian startup Blastr plans €4B green steel plant in Finland

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Blastr has entered into a Letter of Intent with Nordic energy company Fortum that provides Blastr exclusive rights to utilize the existing industrial site located in Joddböle, Inkoo in Finland, 55 km west of Helsinki. Fortum has developed the Joddböle area since the dismantling of its Inkoo coal-fired power plant there in 2017-2020.

Finland 437
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Ford to invest C$1.8 billion in Oakville complex for EV manufacturing in Canada

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This marks the first time a full-line automaker has announced plans to produce passenger EVs in Canada for the North American market. The project is on track to break ground near Ankara, Turkey, later this year, with production to start in 2026. Earlier post.)

Canada 397
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BloombergNEF shares its 2024 Electric Vehicle Outlook

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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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XCEED blockchain solution deployment to begin

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Faurecia, Groupe Renault, Knauf Industries, Simoldes, and Co?kunöz, XCEED will be deployed to partners’ plants around Bursa in Turkey, Douai in France, and Palencia in Spain. New market surveillance regulations came into force in September 2020, introducing enhanced regulatory controls for vehicles already on the market.

Turkey 262