LG Energy Solution to Power Ford's Electric Commercial Vans in Europe

Ford Motor Company, LG Energy Solution (LGES), and Koç Holding have signed a non-binding Memorandum of Understanding (MoU) to establish a joint venture for one of Europe's largest commercial electric vehicle (EV) battery cell production facilities near Ankara, Turkey. This strategic partnership aims to support Ford's target of producing over 2 million electric vehicles globally by 2026 and offering an all-electric fleet of vans and passenger vehicles by 2035.

The new joint venture, expected to break ground later this year, will have an initial production capacity of at least 25 Gigawatt hours (GWh), with the potential to expand up to 45 GWh. This significant investment aligns with LGES's global expansion plans and commitment to the clean energy transition. With its extensive global battery manufacturing network and solid production outputs, LGES is well-positioned to provide world-class customer value and expedite the transition to clean energy.


The joint venture is expected to have a substantial economic and environmental impact on Turkey and the wider European region. It will create jobs, stimulate local economic growth, and contribute to reducing greenhouse gas emissions by powering Ford's electric commercial vans. Additionally, the partnership will strengthen Ford's competitive edge in the European commercial vehicle market as it transitions to electric vehicles.


LGES's advanced battery technology and production capacity will enhance Ford's electric vehicle offerings in Europe. By leveraging LGES's expertise, Ford can ensure the reliability and performance of its electric vans, meeting the demands of its customers and maintaining its market leadership. Furthermore, this partnership is expected to bring cost savings and operational efficiencies to Ford, as it will have access to a local and reliable battery supply.

In conclusion, the joint venture between Ford, LGES, and Koç Holding is a significant step towards accelerating the adoption of electric vehicles in Europe. This strategic partnership will not only support Ford's electric vehicle ambitions but also contribute to Turkey's economic growth and the region's clean energy transition. As the demand for electric vehicles continues to grow, this investment will play a crucial role in meeting the increasing demand for battery cells and driving the market forward.