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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. The plant, with a capacity of 3 GWh/annum, will produce battery modules and packs based on Farasis Energy’s high-performance lithium-ion technology.

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

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Sustainable transport group BD Otomotiv (BD OTO AS) said it is in advanced negotiations with the Norwegian court-appointed Trustee of THINK Global to rescue the electric vehicle brand from bankruptcy. BD Otomotiv is a Turkey-based investment group which in recent years has focused on electric transportation.

Turkey 257
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IHS Automotive: global vehicle production to increase by 21M units by 2021; China to account for half of the increment

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Global automobile production will increase by 21 million units by 2021, and has grown by 25 million units since 2009 as the industry continues to recover from the impact of the global economic recession, according to a forecast by IHS Automotive.

Global 261
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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. XCEED is now open to global OEMs and suppliers, no matter the size, throughout the supply chain. Earlier post.).

Turkey 262
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WEC report: EVs need 16% market share by 2020 for fuel economy standards to be met

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Electric vehicles (EVs) will need to increase their combined market share to 16% by 2020 for markets to achieve the aggressive fuel economy standards set by regulators, according to new research by the World Energy Council, the UN-accredited global energy body representing the entire energy spectrum. In the EU, the EV gap is 1.4

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This Member Gets a Charge from Promoting Sustainability

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Ever since she was an undergraduate student in Turkey, Simay Akar has been interested in renewable energy technology. She has held marketing positions with major energy companies, and now she runs two startups. Among them was Talesun Solar in Suzhou, China, where she was head of overseas marketing.

Turkey 90