The companies have signed a non-binding MoU to form the joint venture subject to final agreement by all the parties, with the project on track to break ground later this year
Ford, LG Energy Solution (LGES) and Koç Holding are to establish a new joint venture to build one of Europe’s largest commercial EV battery cell production facilities. Production is intended to start in 2026 with the three parties committing to at least 25 GWh of annual production capacity.
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