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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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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. Siro battery module and pack production, Gemlik Annual capacity of the production facility will increase to 20 GWh/annum by 2031.

Turkey 259
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Toyota to build production version of C-HR hybrid concept in Turkey

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Toyota Motor Europe (TME) confirmed European production for a production version of the C-HR concept crossover ( earlier post ). The new hybrid will be built at Toyota Motor Manufacturing, Turkey (TMMT) in Sakarya, Turkey, in what marks the first time a hybrid-powered vehicle will be produced in the country.

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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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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2 Global investment in renewable energy capacity moved up 2% to $303.5

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Elon Musk courted by French President as Tesla eyes global expansion

Teslarati

Tesla CEO Elon Musk has met with the President of France, Emmanuel Macron, as the automaker considers furthering its global expansion. Alongside its dramatic production ramp, Tesla has been growing its global market presence in parallel. Germany, and the EV leader, Norway.

Global 112
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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