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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.)

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Tesla delivers first Model Y vehicles in Turkey

Teslarati

Tesla has started delivering its first Model Y vehicles in Turkey, the company confirmed today. The all-electric Model Y, which has quickly become Tesla’s best-selling vehicle, finally made it to Turkey today. The launch never officially happened in 2022, but Tesla has continued to develop its business in Turkey.

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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. “Electric vehicles are no longer only a wealthy country phenomenon. .

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Remy to supply HVH 250 motors to DMA in Turkey for PHEVs

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signed a long-term supply agreement with DMA (Derindere) in Istanbul, Turkey. DMA will use Remy’s HVH 250 motor to power their plug-in hybrid electric vehicle (PHEV) sedan. DMA expects an all-electric range of 35 miles and a hybrid operational range of 400 miles. Remy International, Inc. and Derindere Otomotiv, A.S.

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

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billion) in its Oakville Assembly Complex to transform it into a high-volume hub of electric vehicle manufacturing in Canada. The campus, to be renamed Oakville Electric Vehicle Complex, will begin to retool and modernize in the second quarter of 2024 to prepare for production of next-generation EVs. billion (US$1.3 Earlier post.)

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Ford investing £150M in Halewood plant to scale up EV portfolio

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Building on its commitment to grow an all-electric vehicle range, Ford has invested a further £125 million in its Halewood Plant, on Merseyside in the UK—increasing capacity by 70%—plus £24 million in the supporting E:PRiME product development center. billion (US$2.6 billion) annually.

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

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The area has excellent conditions for industrial activities: a deep-water harbor and an excellent electricity transmission network. In addition, the ice-free deep-sea harbor enables efficient, low-carbon logistics all year round and close access to the European market. The production is planned to start by end of 2026.

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