Koç Holding Agreed with LG for Battery Production Facility!

Owns many companies, including Ford Otosan. Koç Holdingmade a very important statement about Turkey last year. In the statement made on the Public Disclosure Platform (KAP), the electric car in Turkey in partnership with Ford and SKO battery manufacturing facility was specified. However, in a news that we shared with you a few months ago, SKO’s cooperation that you have decided to withdraw since it is claimed we talked about. At that time, there was no clear statement from either Koç Holding or SKO.

Now, there has been a new development on this subject. Koç Holding, for the battery production factory LG Energy Solution announced the signing of a new letter of intent with Emphasizing that this agreement is not binding, Koç Holding said, planned to be established in Ankara He also gave a few details about the battery production facility.

Koç Holding’s statement was as follows:

Within the scope of the battery cell production facility investment planned to be established in our country and which will contribute to the automotive industry on a global scale, Koç Holding, Ford Motor Company and LG Energy Solution A non-binding memorandum of understanding was signed. The facility to be established in Ankara will be one of the largest battery cell production bases in Europe. The facility’s production start in 2026 and it is planned to reach an annual capacity of 25 GW hours, and as the second stage, it has been agreed to work towards increasing the capacity by 20 GW hours to reach a total of 45 GW hours in 2029.

In the statements made last year, it was stated that 32 billion TL would be spent for the battery production facility.

In the periods when Koç Holding made an agreement with SKO, the cost of the said battery production facility 32 billion TL would be around had announced. However, in the statements made today, no evaluation of the cost was made. not found.